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Gold Investment Seen As Wise Strategy
Amid continued economic skepticism, gold prices showed new life after nearly three weeks of decline. In early January, January 3rd to be exact, gold prices reached record highs at over $1422 per ounce.Since then, prices have been dropping due to a wide variety of factors, including a growing optimism about a long-awaited escape from the recession, which had driven investors to equities and commodities still with greater risk. But a lack of news about the economy and a belief that physical demand for gold will continue to grow have driven greater interest in the precious metal and caused investors to view it as a bargain. There is little belief on economic fronts that gold will skyrocket in price in the near future; thus, it seems to be a wise investment at the present. Larry Young, president of Covenant Trading, LLC, recently said that many participants “are looking at this [gold investments] as a bargain.” That weakness in gold prices is why many are buying the precious metal, particularly those in Asian markets. But the weak American dollar has also acted as a catalyst, igniting the demand for gold and other dollar-backed investments in markets that use other forms of currency. And despite a rise in the stability of the Euro, many European investors are holding onto their gold assets, still uncertain of what the future holds. Like other precious metals, gold has always been a safe haven investment against inflation, and that promises to hold true until the world’s economies show more life and growth and investors begin to lose their feelings of skepticism about the economy.
With current gold prices below $1400 an ounce, and this perceived by Wall Street as a short-term price dip, investors are taking advantage of the market. Sales of gold coins and bars have increased this month by more than 8 percent. Gold IRA and gold 401k's have also seen an increase in demand. The fundamentals are still in play that have been driving gold and the overall precious metals market forward. This makes now the right time to consider investing gold in IRA.
Precious Metals Brokerage Group (PMBG) is a wholesaler dealer specializing in the delivery of physical gold, silver, platinum and palladium. Whether starting a new precious metals portfolio, or adding to an existing gold IRA, the account executives at Precious Metals Brokerage Group can assist you with all your precious metals needs. The retirement account department at PMBG can work with you to roll over your existing 401k into a Gold IRA. Call Precious Metals Brokerage Group at 1-866-775-3131, or go to www.pmbg.net to check the current prices of precious metals. Live spot price charts on gold, silver, platinum & palladium are updated every 15 minutes.
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Frequently Asked Questions...
how can i buy gold and silver in canada?
I dont want a piece of paper or internet reciept. I want to buy an accual gold or silver bar containg several ounces of certified product.
Answer:
Go to your local pawn shops. The one I worked at got in 10 ounce silver bars every now and then. We sold them at spot value which is the current worth of the item. Finding a gold bar would be pretty dang hard your better bet is to buy krugerrands which is a 1 ounce gold coin. There are also other gold coins out there.
Check out http://www.monex.com/liveprices for current metal prices. Look below for an explantion of how to get the per gram price of something if you need to.
You have to do a bit of math here. (current gold price) / (ounce) x (14k purity) = (spot price per gram) so that goes like this 1363 / 31.103 x .585 = $25.63 If you want to do silver then replace the current gold price with silvers current price and replace the purity with .925 for most things, but a silver bar would be .999 purity.

































































































