HIGH DEMAND FOR GOLD

Buy low, sell high! Well, this wise investor sentiment certainly seems to be boosting U.S. Mint gold bullion sales in November. Demand for physical gold coins has been so strong, that the U.S. Mint announced a sell out of 2016 American Eagle one-ounce, quarter-ounce and tenth-ounce coins.

In fact, the U.S. mint has sold close to 1 million ounces of gold American Eagle coins

so far this year, the highest sales rate since 2011. Demand soared as gold prices dropped.

There seems to be something comforting and reassuring for investors to have a snapshot of what other like minded investors are doing, and apparently investors purchased the golden PHYSICAL metal – lots of it. The U.S. Mint recorded total sales for November 2016 up over 50% from November 2015.

Many analysts believe that this high demand for physical gold could help ease the

selling pressure bringing stability to the market over time.

SAFE HAVEN DIVERSIFICATION

And while other analysts see the biggest hurdles for gold right now as being a stronger U.S. dollar and rising U.S. bond yields, the urge for diversification, balance, and safety certainly continues to be on many investor’s minds, driving them to acquire the physical golden precious metal in record amounts.

A GOLDEN FUTURE

Credit Suisse is calling for gold to average $1338 per ounce in 2017 as investors

continue to see the yellow precious metal as a safe haven store of wealth that holds a powerful intrinsic value that has never gone to zero.

$2000 PER OUNCE?

While there are many who say gold faces strong headwinds in the coming year,

Ken Hoffman the global head of metals & mining research for Bloomberg Intelligence, says the bullish case for gold is still very much present. “The market wants to see all the positive, but when people start to stand back [they see] the Trump infrastructure plan is not that big at the end of the day; taxes, he has to get trough Congress and we have Brexit negotiations that are getting rocky,” Hoffman said when giving his outlook for 2017. “So, at the end of the day, gold is that safe haven and its real value is probably more than $2,000 ounce,” Hoffman added.

A tightening mine supply is working in gold’s favor; Hoffman said that should gold drop below $1,100 an ounce, more mine closures are likely.

To add safety, diversification, and peace of mind to your portfolio, call us today for your complimentary consultation at 855-554-4853.

Resources:

http://www.kitco.com/news/2016-12-06/U-S-Mint-Sees-Highest-Demand-For-Gold-Coins-Since-2011.html

http://www.kitco.com/news/2016-12-06/Is-Gold-Carving-Out-A-Bottom-As-Price-Remain-Above-10-Mth-Low-Analysts.html

http://www.kitco.com/news/2016-12-07/Credit-Suisse-Sees-Gold-Averaging-1-338-Oz-In-2017.html

http://www.kitco.com/news/video/show/Gold–Silver-Outlook-2017/1452/2016-12-22/Bullish-Case-For-Gold-Still-Very-Much-Alive—Bloombergs-Hoffman

Although the information in this commentary has been obtained from sources believed to be reliable, The Gold IRA Company does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. The Gold IRA Company will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.