WHY BUY GOLD COIN BULLION?
Gold and silver fell aggressively this morning as some of the economic data indicated that the economy might be bottoming out, causing many financial experts to assert that now is a good time to buy gold. That coincided with Newsweek Magazine running a cover story entitled "The Recession Is Over." An improvement in the Case Schiller Home Price index, with some areas showing actual price improvement, was a positive feature for the dollar and for the economy. That contributed significantly to a $10 pull back in gold and a $.13 drop in silver. It also contributed to a higher dollar, up 15 basis points. Oil is down $.76 as CFTC appears ready to blame last year's high oil prices on speculators. Clearly, there is a lot of speculation and manipulation in all of the markets, including gold. However, oil is an emotional and inflation issue and consequently it is garnering a lot of headlines.
Why Buy Gold Coin Bullion?
The precious metals market is fairly quiet for gold and silver as we continue in the summer doldrums. One of the factors causing gold to pull back is that it failed to push through the $960 resistance overnight. There were no sales of ECB gold last week. That is the second week in which there were no gold sales whatsoever. On balance, little has changed in the metals market, which indicates a steady market for those in silver and gold coin bullion. The dips are considered opportunities to buy gold at better prices.
JP Morgan forecast today that gold will test $1,000 an ounce by year end due to dollar weakness. They also forecast that gold will average $939 an ounce this year, setting a new all-time record average high price, great news for those with precious metals in their portfolio. JP Morgan also said, "Dips in precious metals are buying opportunities due to the prospect of further inflation anxieties." I believe we should follow the recommendation of JP Morgan/Chase Bank and be gold buyers on the dips as I have said repeatedly throughout the summer doldrum months.
Call Goldline at 1-877-341-2646 for assistance in getting started with your gold and silver needs or in adding to your gold and silver holding. Ask for the free information package, which will include a free copy of the American Advisor Newsletter. That newsletter contains an article by Philip Klapwijk, the CEO of GFMS, one of the most prominent researching firms in the metals sector. He has an excellent article discussing China's purchases of gold and their reluctance to continue accumulating dollars. Other articles in the information package will also be helpful. You may also wish to ask how you can get a free one-year subscription to the American Advisor Newsletter. Call Goldline at 1-877-341-2646.
Ask Goldline to explain the features, benefits and cost structure of the various gold and silver products that are available to you. Select the gold and silver coins that best meet your own personal and individual needs and objectives. Investors looking for low transaction costs may wish to consider gold and silver bullion assets such as American Eagles, Swiss 20 Francs, Krugerrands, Canadian Maple Leafs, Silver Bags or Silver Bars. However, the Price Guarantee Program is not available with these gold and silver products.
If you would like to take advantage of the Price Guarantee Program, which provides you with a two-week window of opportunity in which to re-price your order in the event of a correction, you must select gold and silver assets with some collectible value such as 20 Francs, Double Eagles and Silver Dollars. Call Goldline at 1-877-341-2646 for further information on the Price Guarantee Program.
To receive the free information package including articles on the dollar, the economy and gold, call Goldline at 1-877-341-2646. Goldline also provides several other helpful articles on gold and other precious metals. There are a number of other independent third-party source articles that you will find extremely helpful and informative. You will also receive the Client Account Agreement, a company brochure and a Coin Facts Risk Disclosure booklet. Read these carefully before you make a decision. Call Goldline at 1-877-341-2646 now to receive your free information package.
†This material has been prepared for private use. Although the information in this commentary has been obtained from sources believed to be reliable, Goldline does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice.
You should review Goldine's Account Agreement along with our risk disclosure booklet, Coin Facts for Investors and Collectors to Consider ®, prior to making your purchase. Goldline has a spread or price difference between our selling price, called the "ask", and our buy-back price, called the "bid". That spread varies depending on coin or bar you acquire. Spreads on 1 oz bullion coins, 90% silver dimes and quarters, and one ounce and larger bullion bars are 13%. All other coins have a spread of 28%. There is also a 1% liquidation fee when you sell your coins back to Goldline. The market must go up enough to overcome this spread before an actual profit is achieved. Precious metals and rare coins can increase or decrease in value. Past performance does not guarantee future results. Coins are a long-term, three- to five-year, preferably five- to ten-year investment. We believe precious metals are suitable for 5% to 20% of the average investment portfolio though others may recommend a different percentage.
To receive free information package on gold and precious metals investing, call Goldline at 1-877-376-2643.
- S&P Capital IQ - Gold: $1,900 (in 2012) "Leo Larkin, metals and mining analyst at S&P Capital IQ, thinks that $1,900 gold might not be that much of a stretch [in 2012]. 'Gold has been ..."
- Citigroup - Gold: $2,300 - $2,400 (by end of 2012) "While we remain cautious on Gold in the near term...we continue to believe that the bull market remains intact...we believe that 2012 may be..."
- Leeb Capital Management - Gold: $2,500 - $3,000 (in 2012) "I'll give you my target for gold at the end of 2012, it's going to be trading somewhere between $2,500 and $3,000. This..."
- Global Hunter Securities - Gold: $1,800 (in 2012) "'What I am looking for is a gold price of $1,800 an ounce in 2012,' says Jeffrey Wright, senior research analyst at Global Hunter..."
- US Global Investors - Gold: $3,600 (by 2017) "'People get so caught up with the next three minutes for gold and they should really be focused on the next three years,' says Frank Holmes, ..."
- Goldman Sachs - Gold: over $1,900 (in 2012) "Wall Street investment bank Goldman Sachs predicts that gold's bull run will continue into 2012 with a low interest rate environment and..."
- CNBC - Gold: $2,400 (no period given) "Gold will top $2,400 an ounce. The long-term bull market in gold marches on. Gold won't make a straight shot to a new inflation-adjusted high. As long..."
- Nomura - Gold: $2,000 (by end of 2012) "Nomura has raised its forecast for gold prices to $2,000 an ounce by the end of 2012, from $1,800 earlier. The brokerage said the low-interest rate..."
- Morgan Stanley - Gold: $2,200 (in first half of 2012) "Gold will lead a rally in commodities in 2012 as Europe's sovereign-debt crisis continues to roil financial markets, spurring demand for ..."
- UBS - Gold: $2,050 average in 2012 "[Gold] remains one of the top commodity picks for 2012 as 'most of the factors that pushed gold higher in 2011 are not going away,' according to UBS..."
- Bank of America Merrill Lynch - Gold: $2,150 - $2,200 (average in 2012) "From a technical perspective we believe that the bull trend for gold remains intact… with gold having not yet met any of..."
- TheStreet.com - Gold: $2,500 (by May 2013) "I want to own gold here. I think gold is going to $2,500 eighteen months from now... Gold has been up for ten straight years and this going to be the..."
