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93% Rise in Gold Coin Sales....

Thursday, Feb 2, 2012

The upward price of gold in January was driven by large purchases of gold bullion coins. According to the latest production figures from the U.S. Mint, January sales of American Gold Eagle bullion coins soared by 93.8% over the previous month. A total of 127,000 ounces were sold in January compared to 65,500 ounces in December 2011. The surge in demand for gold bullion coins is now at the highest level since January 2011 when 133,500 ounces were sold. Investors are taking opportunity of the bargain price of gold which remains below last year's high. After hitting a London PM Fix price of $1,895 on September 6, 2011, gold sold off by 19.2% to a closing low of $1,531.00 on December 29, 2011. Since the beginning of the year, the price of gold has steadily advanced. The closing London PM Fix price of $1,744.00 on January 31st represents a gain of $213 per ounce for the month, up 13.9% from the 2011 year end price. The price of...Read More

Diamonds Set for Higher Prices.....

Wednesday, Dec 28, 2011

Increasing emerging market demand for luxury goods, including diamonds, will boost the price of diamonds, perhaps even more than gold prices are expected to increase, analysts say. Edward Sterck, BMO Capital Markets analyst, told Bloomberg News that rough or uncut diamonds will rise on the average by 9 per cent to $145 a carat next year, 1.4 per cent in 2013 and 4.8 per cent in 2014. Compared to gold, which is forecast to decline for three years starting 2013, after a 19 per cent gain in 2012, diamond will continue to increase by 2.6 per cent in 2015 and 3.2 per cent in 2016, Bloomberg reported. India's and China's expanding middle class will drive the demand for diamonds in the upcoming years, analysts said. The Asian two nations, along with the Middle East, will make up for 40 per cent of global diamond demand by 2015, Anglo American Plc said. A Bain report released earlier said global demand for diamonds will expand at an average of 6.4 per cent a year to...Read More

Merrill Lynch Strategist Says Gold Could Hit $2,500

Monday, Dec 19, 2011

Gold prices will rally again in 2012 to reach $2,000 to $2,500 per ounce because demand is still strong and the precious metal is still seen as a safe haven, according to Sabine Schels, a commodities strategist at Bank of America Merrill Lynch. Despite the correction in gold prices in recent months [ XAU= 1594.89 -3.86 ( -0.24% ) , Schels said sustained investor demand would result in gold prices averaging $1,850 in 2012, up from $1,573 in 2011. “We see no let up in investor interest. Exchange traded funds ’ levels continue to hold up,” she said. Schels said the negative outlook for sovereign debt , coupled with easy monetary conditions in the euro zone, the US and Japan, meant gold would retain its " safe haven " status, while still offering comparatively strong returns. Gold will also benefit from a continued need for central banks in emerging markets to...Read More

Where (and When) to Place Your Gold/Silver Bets?

Wednesday, Apr 4, 2012 goldnews

By Jeff Clark, Casey Research Let’s explore the advantages of saving in gold and silver over dollars. Here’s a hypothetical look at what...Read More

Goldman Sachs & Macquarie Make the Case for Gold

Thursday, Mar 29, 2012 goldnews

Analysts at influential investment banks are finally coming around to realizing the driving forces for gold and leading indicators are signalling...Read More

ETFs: Do You Really Know What You’re Buying?

Wednesday, Mar 28, 2012 goldnews

By Vedran Vuk, Casey Research Exchange-traded funds have been all the rage in recent years – they are easy to buy, easy to sell, and often have lower...Read More

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