Tangible Investments

July 21

2014

Weekly Gold Market News

Geopolitics Bolstering Gold As Safe Haven

Los Angeles CA, (Tangible Investments) - by James O’Dell - Gold and Silver prices are higher on Monday with Gold currently trading at $1,312.70 an ounce and Silver at $20.94 an ounce, as analysts are split over the direction of Gold this week but the majority are leaning bullish. Gold eased $7.20 or 0.55 percent on Friday to finish the week at $1,310.75 an ounce while investors continued to be drawn to Gold as a safe-haven amid deepening geopolitical unrest in Ukraine and the Middle East. Silver dipped $0.28 or 1.32 percent to end the week at $20.88 an ounce, while the Gold/Silver ratio, the measure of the number of Silver ounces needed to buy an ounce of Gold, rose to 62.78.
 
Investor sentiment toward Gold is turning friendlier as the “outright bearishness…has greatly melted away,” said UBS. Gold is returning to investors’ radar for the first time in many months, they added. Many believe that the tensions boiling over in Ukraine, Iraq, and Israel are a large part of the reason for the change in investor sentiment.
 
Fed Chair Janet Yellen announced in her semi-annual testimony to the Senate Banking Committee on Tuesday, that the U.S. central bank could boost rates earlier or faster if hiring and wages should accelerate in an unexpected way, adding pressure to the metals. Yellen said in her testimony that “A high degree of monetary policy accommodation remains appropriate,” and added that “Although the economy continues to improve, the recovery is not yet complete.”

The World Gold Council (WGC) on Wednesday said that portfolios with as little as a five percent allocation to Gold, still tend to outperform portfolios that do not contain a Gold component. "Gold can provide much of the same protection as volatility-based vehicles, with the added benefit that Gold investment vehicles are usually cheaper, more liquid, accessible, transparent, and without credit (and often times counterparty) risk." says the WGC.

According to Future Money Trends, there is a move underway in Mexico, that has seen many of its wealthiest and most influential citizens demanding that the country abandon the Peso and return the nation to a Silver Standard. Hugo Salinas Price, the multi-billionaire leader of Mexico's Silver Standard movement, says that a majority of the nation's Congressional leaders are now in favor of monetizing Silver, while a handful oppose the idea. By removing as few as three or four men from the "anti" group, says Salinas Price, "We would practically get a unanimous yes vote, practically unanimous in both houses."
 
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, 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.

Latest Spot Prices

METAL BID ASK CHG$ CHG%
Gold 1298.10 1298.80 $4.90 0.38%
Silver 20.53 20.57 $0.13 0.64%
Platinum 1473.80 1476.80 $3.40 0.23%
Palladium 875.80 878.80 $5.07 0.58%

Other News This Week

Gold Steady As US Accuses Russia Of Aiding Ukraine Separatists

Los Angeles CA, July 25 (Tangible Investments) - by James O Dell - Gold and Silver prices edged higher in overnight trade after retreating on Thursday when Gold eased $11.90 or 0.91 percent to close... [Read More]

Turmoil Persists In Ukraine After Prime Minister Resigns

TANGIBLE INVESTMENTS - Los Angeles - by James O Dell - Gold and Silver bullion prices retreated sharply on Thursday with Gold sliding to $1,289.50 an ounce, a four week low, while Silver dipped to... [Read More]

Ed Moy Says China Challenging US Dollar Global Dominance

Los Angeles CA, July 24 (Tangible Investments) - by James O Dell - Precious metals prices were lower on Wednesday as the Gold price retreated $2.20 or 0.17 percent to close at $1,305.10 an ounce... [Read More]

About Tangible Investments

Led by renowned coin expert Silvano DiGenova, Tangible Investments is a leader in the Gold IRA, Bullion, Rare Coins, Jewelry, Fine Watches, Fine Art, and Antiques markets. With 30+ years in business and a collective 200+ years of industry experience, Tangible Investments is one of America's most successful rare coin traders and the top buyer in the country. Call Us Today at 1-888-655-9255 to see how we can help you diversify your portfolio and protect your retirement savings.

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