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“Price of gold will not have much movement”? What do you think?

According to an International Business Times article of July 11th 2013 experts believe that the price of gold will not have much movement for the next 12-18 months. If you are thinking about selling, now is the time to make a move, bfore the market takes a further fall in prices.
What’s Next For Gold?

Most experts aren’t holding their breath for a return to gold’s recent glory days. Nouriel Roubini, a New York University economist influential in financial circles but usually pessimistic about global markets, sees gold headed further south to $1,000.

Goldman Sachs lowered its forecast for the price of gold at the end of 2014 to $1,050 from $1,270.

http://www.ibtimes.com/golds-worst-quarter-ever-finally-over-where-do-gold-prices-go-here-1328233#

Alert! Gold prices decline.

The gold price is in somewhat of a free-fall and has fallen well over $100 in the last 30 days.
This dramatic decline is partly as a result of the declining Euro and the dollar increased its value as a result thereof. A stronger dollar usually means a weaker gold price.

In addition there has been a resistance to commodity purchasing by investors as they chase the riskier deals in a bullish market (see Reuters article below)

http://www.reuters.com/article/2013/02/20/markets-precious-idUSL4N0BK36D20130220

If you are planning on selling gold DO NOT WAIT for prices to decline any further.

SELL TODAY.

As always A1 Gold Buyers assures you the highest prices and finest service in Atlanta’s metro area and Nashville TN. See us for your Gold, Silver, Diamond and Coin sales.

Outlook for 2013 Gold Prices

If you own scrap gold this appears to be a good time to sell. Increases in gold production might influence gold prices to drop.

Barclays, a major British financial services company, estimates that global gold production should increase slightly to 2,672 metric tons in 2013 from 2,652 metric tons in 2012, according to a November 13th Bloomberg article entitled “Gold Industry Facing Mine Discovery Challenge.” These estimates are similar to the 2011 global gold production estimate of the United States Geological Survey (USGS) of 2,700 metric tons. 2,672 metric tons is approximately 86 million troy ounces.

Gold production tends to fluctuate from year to year, with factors such as the gold price, new discoveries, mine quality, investment capital, and energy and labor costs influencing production. Despite this fluctuation, production tends to be relatively stable, due to the rarity of the metal and the cost of extracting it from the earth. With the price of gold having increased from under $300 per troy ounce in 2001 to about $1650 per troy ounce today, global gold production is likely to stabilize or increase in the next few years due to greater profitability in mining.

According to the USGS, in 2011 China led the world in gold production at 355 metric tons, followed by Australia at 270 metric tons, the United States at 237 metric tons and Russia at 200 metric tons.

Because of increased production, gold prices could feel the pressure and head downward. Now is a good time to sell and A1 Gold Buyers is the right place to sell to. A1 assures the highest prices and finest service in the metropolitan area. Come see us for your Gold, Silver, Diamond and Coin sales.

Sources:
http://www.bloomberg.com/news/2012-11-13/gold-industry-facing-mine-discovery-challenge-barrick-ceo-says.html
http://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2012-gold.pdf

Should Pension Money be Invested in Gold?

Many people ask this question. The answer really depends upon a couple of factors.

Age to retirement is the first of these. For a person with a long time horizon, gold is an excellent way to diversify a pension portfolio. Gold offers a long term opportunity for significant capital growth. Someone who had added gold to their pension twenty years ago would have reaped a return on their investment that is almost impossible to get anywhere else without exposing the portfolio to extreme risk. In the short term, however, gold’s volatility might prove detrimental. Someone who invested in gold in 2012 with the expectation that it would continue the upward price movement it enjoyed during the first decade of the 21st century could have experienced a decline in the value of that portion of the pension portfolio.

The next factor to consider is an individual’s personal tolerance for risk. Again, the volatility of gold prices is behind this consideration. There is nothing whatsoever wrong with taking an extremely conservative approach where one’s retirement funding is concerned. Gold has shown consistent appreciation in value over the long term, but someone who monitors their pension fund on a monthly or quarterly basis might not be able to comfortably tolerate the ups and downs of the gold market.

It is possible to overcome these price swings somewhat and still include gold in a pension portfolio by investing in gold in such a way that it represents only a small portion of the total portfolio. This way, even someone who is risk adverse and has only a short time horizon before reaching retirement age can benefit if gold prices rise without being severely penalized if they fall or remain stagnant.

How the fiscal cliff will affect gold prices?

This is How the Fiscal Cliff Will Affect Gold Prices

Economic fundamentals of supply and demand determine the prices paid for commodities, groceries and currencies. Politicians have shown that their primary policy for handling the fiscal cliff will be to print more paper money. This will increase the supply of the fiat currency.
Inflation results when more paper money is chasing the same amount of goods and services. The paper money loses its value. Individuals, businesses and governments will demand more money to make ends meet. Wise investors will purchase gold to protect against assets losing their value.

Handling the Slippery Slope

When people start to slide down a slippery slope, their first goal is the stop the decline. Likewise, the wealthy are purchasing gold to retain the value of their assets.
Gold remains a valuable, scarce, precious metal. It can be used in all countries and at all time. Gold has lasted as long as mankind.
The unresolvable fiscal cliff is increasing the price of gold because investors want to protect the real purchasing power of their assets.

If you were smart and invested in gold at low prices then today would be a profitable time to sell.
However ,gold is always a safe investment for reasons outlined above .

20% Bonus on every purchase we make!

In the spirit of the Holidays, A1 Gold Buyers would like to give EVERY loyal customer a 20% Bonus on every purchase we make from you, between now and New Year’s Eve. To qualify, you must ask for this bonus before presenting us with your Gold or Silver.

And here they are!

The lucky winners of the A1 GOLD BUYERS sweepstakes are…

1st place 1 oz. fine gold coin – Jared Mullins

2nd place-3 oz. fine silver – Brittany Lucius

And the 7 lucky winners of a silver dollar each are –
Evelyn Gunn
Julie Iglesias-Castro
Clint Wiley
Veronica Pruett
Teressa Toliver-Hubbard
Shayth Yisrael
Diana Cruz

Make sure to send us a private message via Facebook to claim your prize!
You will be notified via Facebook of the official prize giving and press/photo opportunity.

Should I sell or pawn my silver jewelry?

When people are looking to make some quick cash, they often turn to selling or pawning their jewelry. When it comes to silver jewelry, there are pros and cons of each.

In terms of pawning, it is a good way to make the cash really fast. You could take your jewelry to the pawn shop, and walk away with cash in hand minutes later, On top of that you have the option to get your
jewelry back in case it has sentimental value. However, you will likely not get as much for it and you will need to shop around to find a good deal.

When selling silver jewelry you will be able to get more money. There are some jewelry stores that do buy jewelry, but they do not generally take sterling silver. They are more interested in gold and certain gems that they can reuse.

Selling silver to A1 Gold Buyers is just as easy as selling your gold. You already know that you get a fair price and customer service that listen to your wants and needs. In addition you will get paid cash and transactions take less than 10 minutes in most cases.

Melissa Lizenby accepts the $1000 prize

Melissa lizenby $1000 prize winner

Melissa lizenby $1000 prize winner

Melissa Lizenby accepts a $1,000 cash from A1 Gold Buyers CEO Anthony Shapiro. Melissa was the grand prize winner of our Facebook sweepstakes.
Let us all congratulate her by leaving a comment!

Would you like to be the next winner? make sure to visit this page for details

What Will $40 Billion A Month Do To Gold Prices?

Last week Federal Reserve Chairman Ben Bernanke announced that the Fed would begin to purchase $40 billion a month in mortgage backed securities in an effort to boost the American economy. This bold move may be able to keep interest rates low, but it will have an effect on the value of the American dollar.

When the Dollar is weak, people turn to gold as a safe haven investment. Not only is gold viewed as safe, it is viewed as a hedge against inflation. One of the largest concerns at this time is that the $2 trillion bond purchasing program will drive inflation skywards.

An economist at Bank of America has announced that the target for gold prices by the end of 2014 will be around $2,400 per ounce. He believes if current trends in the gold market continue, you will see a 0.7% increase in gold prices within the next four months. He also predicts gold hitting the $2,000 mark by the end of June 2013.

Of course, this can easily be changed if there are further financial problems in the United States and the rest of the world. If the Euro, for instance, goes into meltdown, you could see gold surpassing this predicted rate at a very fast pace.

The new bond buying program is anticipated to keep interest rates near zero until mid-2015. During this period it is easy to see that gold will continue to rise.