Gold Prices Present Buying Opportunity |
Gold's recent pullback may present a buying opportunity for investors. JP Morgan analysts
stated in a recent report they believe gold may gain as much as 10% by the end of this year due
to physical demand in India. This view was echoed by a UBS analyst who wrote in a September 2
report, "Our analysis indicates that the Indian wedding and festival season has had a positive
effect on the gold price since 2002. This suggests that we could see a strong recovery in the
gold price in the last four months of 2008."*
To encourage investors to take advantage of current gold prices, Goldline has announced a
limited time offer. When you acquire twenty-nine Brilliant Uncirculated Swiss 20 Franc gold
coins, you will receive a free PCGS certified 2008 MS-70 First Strike Uncirculated
1/10th American Buffalo gold coin. The Buffalo uncirculated coins are notable
because, unlike the bullion version, each uncirculated coin carries the "W" mintmark which
denotes the West Point Mint where the coins were struck. Each coin has been independently graded
and certified by PCGS to be in perfect MS-70 condition. Goldline has committed its limited
inventory of MS-70 coins to this special; these coins cannot be purchased individually from
Goldline (although you may acquire the coin as part of a four coin set).
In addition, your purchase qualifies for Goldline's Price Guarantee Program which allows
purchasers to re-price their acquisition should the price of their coins drop within 14 days of
purchase (see Goldline's Account and Storage Agreement for full details). Goldline has a never
before offered this special before and supplies are limited. Call Goldline at 1-800-827-4653 and
speak with an Account Executive for more details.
* Precious metals and rare coins should be viewed as a
long term investment.
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Limited First Strike Sets of American Buffalo Gold Coins Now Available |
The U.S. Mint recently introduced fractional versions of its popular 24-karat, pure gold
(.9999 fineness) coin, the American Buffalo. This beautiful coin, nicknamed "The Buffalo," was
based upon American sculptor James Earle Frasers revered Buffalo Nickel of 1913. Until recently,
only one ounce versions of the Buffalo were available.
Goldline acquired proof and uncirculated sets containing the one ounce, half-ounce, quarter
and tenth ounce coins which have been independently certified by Professional Coin Grading
Service (PCGS) as "First Strikes", PCGS proprietary trademark that is reserved for coins packaged
and delivered by the U.S. Mint within 30 days following the initial sales date. The proof and
uncirculated First Strike sets are also graded to be in either MS-69 or MS-70 condition and
encapsulated to preserve their mint condition and First Strike status. Fewer than 100 sets are
available from Goldline for each grade. You can order your First Strike 2008 American Buffalo
sets today by calling your Account Executive at 1-800-827-4653.
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Credit Suisse - Gold is Buying Opportunity |
International investment bank Credit Suisse advised clients that gold presents a buying
opportunity before it resumes its rise towards $1,000. According to an August 11, 2008 article
from the Bullion Desk, Credit Suisse's most recent
weekly report stated, "Overall, we think that
gold prices around $850-860 remain buying opportunities..." Credit Suisse pointed to continued
dollar weakness and a worsening financial environment as factors which will help push gold prices
higher.
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Correction In Oil-Gold Ratio May Send Gold Higher |
In an article entitled, Gold, Oil Ratio 'Out of Whack' After Declines: Chart of the Day,
Bloomberg.com reported, "The CHART OF THE DAY highlights the "black gold ratio," showing how much
gold it would take to buy a barrel of oil. The ratio rose to 0.1538 of an ounce on June 12, the
highest since at least 1950, and averaged 0.066 since 1970. Based on historical averages, if oil
falls to $100, gold would go to $1,515 an ounce."
The August 8, 2008 article also quoted an
analyst from Barnard Jacobs Mellet USA who stated gold may outperform crude oil in the next six
months as a result of increased sales in India, the world's biggest consumer of gold.
You can read more about the oil-gold ratio in the Summer issue of Goldline's newsletter, the
American Advisor. Call 1-800-827-4653 for your free copy.
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Gold Poised To Rise Says Investment Strategist |
Sean Corrigan, chief investment strategist at Diapason Commodities Management, told CNBC that
gold will resume its upward rise. In an August 8, 2008 interview, Mr. Corrigan explained, "As
the credit crisis reintensifies and we see credit default rates going up and credit spreads
widening - these will be the things that will give gold another leg..." "But Gold will rise
again 'either when dollar weakens or when central banks come back more aggressively with monetary
policy, which will happen sometime before the end of the year'..."
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Inflation to Send Gold to $5,000? |
That's the prediction of Christopher Wyke, fund manager for Schroder Investment Management, Ltd.,
which manages $277 Billion in assets. According to a June 19 article in Bloomberg.com, Mr. Wyke
told reporters, "You could easily see for the next several years that prices rise not to $1,000
an ounce, but prices rise to $5,000 an ounce or beyond as inflation psychology becomes more and
more embedded and people become desperate to have a source of value..." Mr. Wyke explained that
investors are turning to gold as two-thirds of the world's population must face rising inflation.
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