Gold American Eagle Sales Are Soaring Due to Fiscal Cliff Threat

December 10, 2012

Demand for gold coins among American investors has soared since the presidential election, as investors are growing increasingly worried about the lack of action to address America’s debt problems.

The US Mint’s sales of American Eagles, the most popular bullion coin, soared 131 per cent in November, hitting the highest level in over two years. November was also the strongest month in 2012 for gold Maple Leaf coin sales for the Royal Canadian Mint.

The political gridlock in Washington and the prospect of further quantitative easing when the Federal Reserve’s “Operation Twist” expires at the end of 2012 have fuelled demand for gold investments among investors.

While the jump in gold bullion coin sales highlights gold’s role as the preferred safe haven for investors, investors should realize that bullion coins make up a relatively minor sector of the investment market for gold coins.

Rare gold coins, for example, offer security, privacy and performance advantages over gold bullion coins. They are immune from possible government restrictions on private gold ownership. They are anonymous and, because of their scarcity, they can appreciate even when the price of gold is falling.

The experts at Coin Trader can help you select the gold investments that are right for you.

2% “fabrication premium”  we have today for bullion coins like American Eagles is similar to jewelry premiums in Asia.


Beware of Bank Safe Deposit Boxes

December 6, 2012

Many hard asset investors store their holdings in bank safe deposit boxes, thinking that this is the most secure, private place to store rare coins and precious metals.

The video report below from ABC News should make you think twice about that mode of storage.

Coin Trader can advise you on the best ways to securely store your holdings…


Mitsui Precious Metals: Gold to Move Higher During 2013

December 4, 2012

Mitsui Precious Metals is one of the world’s largest and leading precious metals trading conglomerates. Their Strategic Analyst, David Jollie, sees the price of gold averaging $1,920 during 2013, which is more than 13% higher than its current level.

Note that Jollie says gold will average $1,920 during the year. This suggests the real possibility of sharply higher gold prices at the peak during the course of the year.

Jollie elaborates in an interview on Seeking Alpha…

http://seekingalpha.com/article/1035971-mitsui-precious-metals-jollie-gold-will-average-1920-in-2013

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Gold Sharply Higher AGAIN as America Heads to the Polls

November 6, 2012

Last week we reported that the sharp sell-off in gold produced a great buying opportunity for investors.

Evidently, lots of folks agreed, because yesterday spot gold was up $8 per ounce and today spot gold rose more than $29 per ounce as bargain hunters flocked to the market to accumulate gold.

Investors were no doubt motivated not just by the buying opportunity prompted by last week’s correction, but by what the future holds.

No matter who wins the election today, at the end of the year, the US is still faced with the so-called “fiscal cliff,” which will prompt $400 billion in spending cuts and tax increases. And even those measures will do next to nothing to ease our national debt burden.

There are 17 trillion reasons to own gold.


Gold Rebounds Going Into Election Day

November 5, 2012

The price of gold rebounded today headed into election day tomorrow. Spot gold rose $8.00 per ounce to $1685 as bargain hunters took advantage of Friday’s sharp correction to pick up gold at low prices.

Speaking of the election, now is as good of a time as any to remind investors that no matter who wins tomorrow, the US still has a $17 trillion debt and an economy that has been stuck in the doldrums for 5 years. Moreover, we have still come off of years of negative real interest rates, a scenario that eventually should energize the bull market in gold once again.

Who ever the president is the next 4 years, we can all wish him the best, but we must all take action to safeguard our wealth and, given the circumstances, gold is best positioned to to that.


Some startling predictions for gold

July 9, 2012

Coming out of the recent Independence Day week, there are 3 very positive predictions for the price of gold that investors should be aware of.

The first comes from Jim Sinclair, editor of Jim Sinclair’s Mineset. Sinclair is a veteran precious metals and currency analyst who has been tracking the markets since 1977.

In a bulletin that he called his most important since 2001, Sinclair is calling for the price of gold to reach $3500 per ounce, or more than double current levels.

Meanwhile, Ben Davies, co-founder of Hinde Capital Ltd., told Bloomberg news last week that gold could head as high as $6,000 per ounce. You can watch the video below:

http://www.businessweek.com/videos/2012-07-03/hinde-capitals-davies-on-gold-prices-outlook#r=related-rail

Finally, Paul Brodsky, bond market expert and co-founder of QB Asset Management, says that central banks have reached the “inflate or die” point and as a result, investors should “hold tightly to your gold.”

The world has simply gotten itself into too much debt. There are creditors that expect to be paid, and debtors that are having an increasingly difficult time making their coupon payments. No amount of political or policy intervention is going to change that reality.

Looking at the global monetary base, Paul sees it dwarfed by the staggering amount of debts that need to be repaid or serviced. The reckless use of leverage has resulted in a chasm between total credit and the money that can service it.

So how will this debt overhang be resolved?

Central bank money printing — and lots of it.

At this point, the danger posed by the instability of our monetary and fiscal house of cards is so great that trying to time an investment program to when this avalanche of printing will occur is too risky, in Paul’s opinion. It’s time to shift your remaining capital into hard assets.

 


US Mint Gold American Eagle Sales Rise and Two Big European Banks Bullish on Gold

July 2, 2012

There are two very positive news stories circulating today about gold which should make everyone who has already included gold in their financial planning very happy. If you are still considering adding gold investments to your financial plan, these two stories should reinforce a positive decision.

First, the US Mint reports that sales of Gold American Eagles continue to rebound. June sales were the strongest since March and higher than May, which is unusual, with June usually being a seasonally softer month. Investors are flocking back to gold due to worries over the European financial crisis.

Those worries were reflected in two separate positive reports on gold from European banks:

Barclays Capital, one of the largest banks in the United Kingdom, issued an advisory that the “macro environment remains bullish for gold.”

Commerzbank, a major German banking firm, also declared that it too is optimistic for gold.