Now is the Time for Investment Gold to Shine Says Morgan Stanley, Goldman Sachs

sausgbblogeditor — Tue, 15 May 2012 15:48:03 +0000

The past few weeks have seen a greater emphasis on the value of investment gold by major voices in the investment world such as Goldman Sachs, Morgan Stanley and even Macquarie Private Wealth. Investors are being told that in this bullish market, investing in gold rather than stocks is the wise choice because once the market swings back to the bear side, having gold will definitely end up paying off.

Plenty of investors are taking heed and making sure they begin to diversify their portfolios with holdings of gold in coin or bullion form in the event that the much dreaded 'super bear' market does materialize.

Morgan Stanley made the prediction that investment gold would be a smart choice to hold on to or buy right now because they believe gold will hit $2,175 an ounce in 2013. Moreover, Morgan Stanley has stated it believes that QE3 will be adopted by the middle of this year and that this is going to play a strong role in boosting the price of gold.

Macquarie pushes further to weigh in on gold, stating that they believe it will hit $2,250 an ounce. Goldman Sachs made more modest projections, but stated that now is the time for investing in gold because they see gold prices as lower than expected given the current 10 year TIPS yields.

Added together, these banks all create a compelling argument for investing in gold now. It does appear that gold is going to rise by a minimum of $150 per ounce, but this could be only the beginning.

Major Investment Adviser Says Silver & Gold Stocks Show Opportunities Now

sausgbblogeditor — Mon, 14 May 2012 21:20:57 +0000

Silver and gold stocks are said to be showing very promising signs for a rally, according to The Market Oracle. When analyzing the latest gold prices, Dr. Robert McHugh noted that an upward trend is likely to begin and that the rally should last several months. Using advanced trend analysis, Dr. McHugh has built his reputation on forecasting the way stocks and precious metals will react to various market conditions.

"The next rally will be powerful and last a long time, probably more than a year," McHugh stated. While some could profit from mining stocks, owning physical quantities of gold and silver is an option that appeals to many investors. By holding these in one's portfolio, McHugh sees most people profiting as the market values continue to rise in the coming months. This is good news for those that are thinking of a short term investment, but also for those looking to invest in gold and silver over the long haul.

To elaborate, Dr. McHugh went on to say, "It will take time for those levels to be achieved, but the important point is precious metals and mining stocks remain in a Bull market, and the juicy part of this Bull market lies ahead.”

Owning precious metals and gold stocks is a popular investment choice for those looking to hedge against inflation. The rally mentioned by The Market Oracle closely resembles what other commentators, like Robert Russell, have been forecasting.

$119 Million Sale of Famed Scream Painting Speaks to Those Investing in Gold

sausgbblogeditor — Thu, 10 May 2012 14:55:57 +0000

BOSTON (May 10, 2012) - Many investing in gold today keep track of the moves the world's most wealthy make as reported by the media. Recent news has shown that fine art is acting much like precious metals, getting snapped up at major auctions given by leading auction houses such as Christie's and Sotheby's. One auction in particular, for the world famous painting entitled 'The Scream' by Oslo's now deceased painting legend Edvard Munch, caught the eye of noted economic analyst Richard Russell.

Russell was quoted as saying, "Even if the dollar becomes worthless as a unit of exchange, the Munch painting will still be worth a fortune in whatever unit of money is in favor ten or fifty years from now."

Gold bars and other forms of gold have historically represented purchasing power, Russell went on to say. An example that he gave in regards to fine art noted that when a wealthy collector purchases a painting for $119 million, they are not worried about whether the painting's value will jump to $200 million within a decade or drop to $50 million during that same span of time. These buyers, stated the analyst, know that whether inflation rises like a rocket or massive deflation occurs, they have a priceless work of art that is going to be able to be leveraged for its value should they ever face a financial crisis.

Munch painted several variations of The Scream, which as its name implies, features a man with both hands clasped over his ears, his anguished face emitting an inaudible scream.

Top Analyst Sees Gold Hitting $2,400 in Year and Continuing to Be Bullish

sausgbblogeditor — Thu, 10 May 2012 14:27:17 +0000

A recent news article published by King World News quoted a top technical analyst from Citibank, Tom Fitzpatrick, as saying that gold is projected to make a move to as high as $2,400 within the coming 12 months.

"We’ve already iterated a target in the more medium to long-term of $3,400, and over the next twelve months as high as $2,400," said Fitzpatrick during the interview with King World News.

The analyst went on to relay his thoughts on how gold relates to the dollar. In Fitzpatrick's view, the dollar also faces a bright future in the coming months. He stated that over the last decade, gold has done well against a number of other paper currencies. The dollar, he said, has been going through a downtrend over the past 10 years and that is something he expects is going to change.

"We expect that gold will continue to go up against the dollar, but, over time, we expect it will go up even more against a currency like the euro," he said.

With a career that spans nearly 30 years as a key analyst at Citibank, Fitzpatrick is a voice those in the financial world trust. He pointed out that since 2000, gold has been relatively steady in rising and never moved very far below its 55 week moving average, something which can not be said for all commodities. Fitzpatrick was not at all shy about stating how crucial he believes the role that gold continues to play in the world today.

Gold Vending Machine is Latest Attraction at Atlantic City Casino

sausgbblogeditor — Wed, 09 May 2012 02:22:13 +0000

BOSTON (May 9, 2012) - Fans of gold will definitely be amused to hear that, according to an article in The Press of Atlantic City, a new way to buy gold has become available: via an ATM. Customers can also purchase silver, in the format of their choice: bars, coins and more.

The action is happening at the Golden Nugget Atlantic City, the New Jersey location for the casino industry giant. The casino itself features a Gold Rush theme, but customers will not need to mine in order to get the precious metals they want. As long as they have the cash, they can buy directly from the machine which is part of a recent $150 million renovation which finished at the end of April 2012.

The machine, named 'Gold to Go', is only the 2nd in North America so far and offers a similar product line to that of the 1st machine, found at the Las Vegas Golden Nugget.

The Golden Nugget casinos are owned by famed Texas billionaire Tilman J. Fertitta who had this to say about the machines, "We sell so much gold that I’m shocked. It’s just weird."

Of course, investors who have a portfolio of their own will not be surprised that such a machine could attract attention. What might come as a surprise to many precious metals fans, however, is that even at a price of $1,853 each, 1 ounce gold bars are selling through the machine.

The Liberty Head Nickel of 1913: Only 5 of These Rare Coins Ever Minted

sausgbblogeditor — Fri, 04 May 2012 21:17:59 +0000

In the world of coin collecting today, one of the most sought after of rare coins is the 1913 Liberty Head nickel. With only 5 that are known to have been struck, this incredibly rare coin became the first to ever be sold for $100,000 in the early 1970's - quite a feat considering that it was worth a mere 5 cents when it was first minted. Over 25 years later, another Liberty Head nickel would become the first coin to sell for over $1 million and in less than a decade after that, in 2003, a Liberty Head nickel sold for $3 million.

Today, we know of 3 of these coins being held in private collections and the other two have their homes in major museums. What is fascinating is the fact that the Liberty Head nickel was actually minted between 1883 and 1912 as a regular coin. These coins are not considered nearly as valuable as those produced in 1913 due to the fact that millions were produced each year. What makes this particular year's Liberty Head nickel even more interesting is that the majority of collectors had no idea any were made until 1919 when a man named Samuel W. Brown put an ad in publications related to numismatics looking to buy any Liberty Head nickels from 1913. Somehow, he knew that a master die had been created at the mint for these coins even though only a test run had been done.

Poll Shows Many in US Believe Gold Assets Safest Investment in Long Run

sausgbblogeditor — Fri, 04 May 2012 21:15:28 +0000

BOSTON (May 4, 2012) - Gallup polls are a long time media favorite and this time, for the second year running, when asked what the best long term investment option would be from a selection of choices, Americans chose gold assets by a substantial margin. The next most popular asset class, according to the results reported by The Atlantic, was real estate, still only chosen by 20% of respondents as opposed to the 28% who selected gold. Stocks and mutual funds were the choice of 19% of respondents while 14% chose savings accounts or CDs and only 8% said they believed bonds to be safest over the long haul.

Last year, investment gold was also the top choice in Gallup's 2011 poll asking the same question. Gold was shown to appeal more to men than women and to adults over the age of 34 than those younger.

A reporter from The Atlantic observed that one possible reason for the public's view of gold assets as being a solid long term investment choice is the recent economic chaos the nation has been going through. Paper assets and real estate would look less appealing, noted Gallup of their findings, due to instability that was clearly shown both in the stock market and by the foreclosure crisis that rocked the US. Investment gold has a historic tendency to become more popular during times of economic distress and this has helped it remain a stable choice for many.

Spain Enters Recession, Wall Street Has Weak Opening

sausgbblogeditor — Thu, 03 May 2012 16:42:49 +0000

BOSTON (May 3, 2012) - Spain is back in a recession again, news that has caused a weak opening for Wall Street this week and made owning gold look like a stable choice for many investors.

While the latest gold prices fell about 0.1 percent, stocks in France and Spain took much harder hits, going down 1.3 percent over concerns about the stability of the European market. Spain's nosedive, compounded by news from the US Department of Commerce whose data shows the US economy's growth may be slowing, too, means that investors are reaching for assets with lower risks over the long term.

Investors note that this is the second time in the last three years that Spain has been in a recession, with its economy shrinking nearly a third of 1 percent in the first quarter of 2012 alone. Bad debt from the housing sector in Spain has been a problem for Spanish banks. Eleven Spanish banks have been downgraded by Standard & Poor, and fears continue to grow that should Spain go through deeper economic woes, Europe will not have the funds to properly bail it out.

The Platinum Koala is a Platinum Bullion Coin From Australia You Should Know

sausgbblogeditor — Wed, 02 May 2012 22:13:52 +0000

The Platinum Koala of Australia is a platinum bullion coin minted by the Perth Mint up until 2000 when it was replaced by the Platinum Platypus as the nation's standard issue coin. It is a legal form of tender in the country and one of the more well known of the platinum coins the nation has produced to date. It was not until 1987 that the Australian government authorized the production of coins in both platinum and silver, but within 2 years, the Platinum Koala had become a hot commodity among collectors of precious metals, being traded all around the world. It sold very well and two years after being introduced, its sizes grew to include 2 oz, 10 oz and 1 kg. At that time, the 1 kg Platinum Koala coins were the heaviest of all bullion coins produced around the world.

Very small runs of the Koala platinum bullion coins were produced each year in Australia and typically there were not more than 3,500 coins in all. For collectors of precious metals, diversifying is very important to help their portfolio hold its value if the market changes and this is why Platinum Koala coins are such a smart idea for so many collectors.

History of the Flowing Hair Dollar

sausgbblogeditor — Tue, 01 May 2012 22:19:06 +0000

The very first gold coin ever minted in the United States by the federal government is known as the Flowing Hair Dollar. Among fans of rare coins, this is the most sought after specimen and to explain why that is, all one needs to do is consider the fact that in 2005, one minted in 1794 sold for over $7.8 million dollars, more than any other coin before or since. While those looking to purchase gold coins may never have that kind of money to throw around, studying the history of coins like this can really deepen one's appreciation of all that coins have to offer and this is why so many collectors do it.

This rare gold coin is the same size and weight as the Spanish dollar that was being traded while it was minted, between 1794 and 1795. The Spanish dollar was a popular choice for traders all throughout the North American continent and further south, as well. President George Washington himself called for the establishment of a mint and with the Coinage Act of 1792, this was made possible. Even though the Act was passed, not everyone believed that a national currency was a good idea. Some felt that each state should purchase gold and mint its own coins if that was what its leadership decided it should do.