Bernanke Speaks: Gold Hits New All-Time High!
July 13th, 2011This morning, the Gold and Silver markets are on the move, in a positive direction.
■Gold is up over $25 – already setting a NEW ALL-TIME HIGH
■Silver is up over $2
This rapid market movement is in direct response to Fed Chairman Bernanke’s statements to the House Financial Services Committee earlier this morning. During this meeting, he said, “The possibility remains that the recent economic weakness may prove more persistent than expected and that deflationary risks might reemerge, implying a need for additional policy support.” This is one of the clearest indications that the Fed is strongly considering another round of quantitative easing – which the anxious public has been calling QE3. With so many factors affecting the investment markets, you have to stay informed or miss critical opportunities.
If you have been waiting for a moment to strike, this may be perfect timing for you, before the markets continue to rise more on QE3 fears. QE1 began in late November 2008, when the Fed bought $600 billion worth of mortgage-backed securities. On November 25, 2008, the price of Gold closed at $818.50 per ounce. By the end of QE2 in early July 2011, Gold prices had almost doubled to $1,540 per ounce … which equates to an 88% return in less than three years.
Recently, investors have been particularly interested in the following precious metal investments.
Gold Krugerrands
This is the Gold coin that started it all for modern bullion investors. Krugerrands are recognized throughout the world and are a staple in any precious metals investor’s portfolio. Invest in yours today before the spot price of Gold continues to hit brand new all-time highs.
2011 Gold Canadian Maple Leafs
Gold investors absolutely love these iconic Canadian Gold coins. The rich heritage of the Royal Canadian Mint is exuded in these magnificently crafted .9999 fine Gold coins. This is one of our most popular forms of Gold investments and will maintain a high investment value in the market.
San Francisco Silver Eagle Monster Boxes
These monster boxes of 500 Silver American Eagles come straight from the San Francisco Mint! Because the West Point Mint couldn’t keep up with the booming demand for Silver American Eagles, the U.S. Mint directed San Francisco to start making them again, which they haven’t done for years. This adds a premium quality to these coins as there may be a strong collectible value on these tried and true American Silver coins.
Sealed MintDirect™ Silver Austrian Philharmonic Coins
The definitive European Silver bullion coin, Austrian Philharmonics are known around the world for their sophisticated, elegant design and pure Silver content. These sealed tubes are an APMEX Exclusive – guaranteed that no one has touched these coins since they left the prestigious Austrian Mint!
Now is the time to ride the rising tides, while the market is hot.
Unfortunately, some of our customers will wait and miss the opportunity. But there will be some (will you be one of them?) that will take advantage of this market movement and lock in their position before the prices of Gold and Silver continue to increase as concerns over QE3, the ongoing European debt crisis and the looming U.S. debt ceiling cause prices to increase even more.
You can place your order with us online 24/7
P.S. One of the advantages of being a precious metals investor with APMEX is getting news alerts from us. We are constantly watching the markets and letting you know what is happening around the globe – so you can go about your other business and still stay informed. This way, you don’t miss vital opportunities in the market – like the one that is happening right now. (If you are not subscribing to our Daily News & Commentary – subscribe now – it can really help you stay on top of the markets).
Don’t be one of the “I Should Have” crowd, be part of the “I’m Glad I Did” crowd right now.
