News Header

 

Gold prices on track for tenth year of gains

Release Date: 
Thursday, November 4, 2010

If gold remains above $1087 per ounce for the next eight weeks, it will mark 10 straight years of annual gain. Thus far in 2010, the precious metal has increased in value approximately twenty-four percent. And with the U.S. Federal Reserve announcing Wednesday it will purchase $600 billion worth of assets, the dollar is expected to decrease in value which generally leads to higher gold prices.

Thus far in 2010, the precious metal has increased in value twenty-four percent. And with the U.S. Federal Reserve announcing Wednesday it will purchase $600 billion worth of assets, the dollar is expected to decrease in value which generally leads to higher gold prices.

It's not just American investors who want to hedge their currency holdings with gold. According to a German newspaper cited by Bloomberg, that country's population owns twice as much gold as the country's central bank, as cited by a university in Berlin. The newspaper quoted the management school at Steinbeis University.

Germans own 7,500 metric tons of gold, amounting to 5 percent of the world's holdings. But that figure more than doubles the 3,500 metric tons held by the Bundesbank, the reports state.

This news article is independently provided by Brafton and does not represent the views or opinions of Goldline International, Inc. Although the information in this news alert has been obtained from sources believed to be reliable, Goldline does not guarĀ­antee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice.

News Footer

 

†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 1-800-963-9798.