Noted Author Sees Gold At $7000 An Ounce In Five Years Tangible Investments and GoCoins.com buy and sell rare coins, precious metals, fine art and jewelry.   BBB - Better Business Bureau
 info@gocoins.com Tangible Investments, LLC. | 1910 S Coast Hwy | Laguna Beach, CA 92651 facebook twitter YouTube LinkedIn Google+ Instagram Pinterest Email  
Noted Author Sees Gold At $7000 An Ounce In Five Years
Posted March 25th, 2014

Los Angeles CA, Mar 25 (Tangible Investments) - by James O’Dell - Gold bullion prices rebounded from a one month low in overnight trade after easing sharply on Monday, when the yellow metal dipped $25.19 or 1.89 percent to close at $1,308.99 an ounce as buying interest from China dwindled on a weaker yuan while cautious investors watched developments in the Ukraine crisis. The price of Silver retreated $0.41 or 2.02 percent to close at $19.89 an ounce.
 
James Rickards, of Tangent Capital Partners and author of the upcoming book, "The Death of Money," isn't worried that gold hit recent lows on Monday because fundamentals will push gold higher, he told Yahoo. Gold will benefit from a "collapse of confidence in paper currencies," says Rickards. "The international monetary system has actually collapsed three times in the past 100 years: 1914, 1939, and 1971. So these things do happen," he said recently on Kitco News.
 
With the S&P 500 less than 2 percent from record highs, he adds, "This looks like another asset bubble," and he expects the stock market to crash with investors turning to gold. Rickards believes that the gold price will also be boosted by a lack of supply of physical gold and that in the next three to five years the precious metal could rise to between $7,000 and $9,000 an ounce.
 
"One of the reasons gold did so poorly in 2013 was because 500 tons were taken from [the gold ETF] GLD warehouse by authorized dealers and dumped on the market," he says. Rickards claims that most of that gold was shipped to China and it is "not going to see the light of day for 300 years." The central bank probably doesn't focus much on gold, says Rickards. "Does [Fed Chair] Janet Yellen wake up in the morning and look at the price of gold first thing? Maybe she should. She probably doesn’t.”

Preserve your wealth and secure your retirement by making a tangible investment in physical Gold and Silver in 2014. Call Toll Free 1.800.741.5014 and allow the friendly staff at Tangible Investments (learn about us here), owned and operated by world-renowned coin expert Silvano DiGenova, to assist you in your next purchase or sale. We hope you will share our site with your friends on Twitter and Facebook, but whatever you do, don't leave the site before claiming your Free Coin.



Gallery or Rarities

View our Selection of Rare Coins

Why Choose Tangible Investments?
Contact Form
Name*

Email*

Message


CAPTCHA Image   Reload Image
Security Code*
Subscribe to Our Newsletter
Professional Memberships
Professional Memberships BBB - Better Business Bureau ICTA - Industrial Council for Tangible Assets NGC - Numismatic Guaranty Corporation PNG - Professional Numismatic Guild ANA - American Numismatic Association PCGS - Professional Coin Grading Service
Follow Us
facebook
twitter
YouTube
LinkedIn
Google+
Instagram
Pinterest
Email
Contact Us
Call: 888.655.9255
Email: info@gocoins.com

Hours of Operation
Monday - Friday 10 AM to 5 PM
Saturday 10 AM to 4 PM
Sunday Closed

Huntington Beach:
16121 Beach Blvd.
Huntington Beach, CA 92647

Laguna Beach:
1910 S Coast Hwy
Laguna Beach, CA 92651

Click Here for Directions
Click Here for Directions
HOME      ABOUT US      BUY FROM US      SELL TO US      LOANS      CONSIGN/AUCTION      SERVICES      MEDIA      CONTACT US
Copyright © 2019 Tangible Investments, LLC. All Rights Reserved. Privacy Policy | Terms & Conditions 
PCGS CO-FOUNDER - MORE THAN $2 BILLION TRANSACTED - 200 YEARS COMBINED EXPERIENCE
Coins & Currency - Gold - Silver - Platinum - Watches - Jewelry
Tangible Investments, LLC. | 888.655.9255 | info@gocoins.com
Huntington Beach: 16121 Beach Blvd. | Huntington Beach, CA 92647
Laguna Beach: 1910 S Coast Hwy | Laguna Beach, CA 92651