Wednesday, December 28, 2011

Gold's Forecast For 2012

Gold has done phenomenal in the year of 2011. Although it saw a slip dip in the last part of 2011, gold still rose nearly 15% outpacing US and EM equities. Many attribute the slip dip to slow holiday trading circumstances. Overall,  gold amazingly outperformed commodities according to numbers calculated by the GSG commodity ETF. The president of Midas Funds believe that gold will be around $1,950 an ounce. Tom Winmill, the president of Midas Funds had some thoughts and beliefs on what would be some good investments for gold in 2012.

Goldcorp is considered by many to be one of the biggest cap players. They have a lot of crucial aspects that are judged to be indispensable. A great deal of Goldcorp's mines are located in the more politically stable western hemisphere, a superb management team, and loads of capital compared to its capex forecast. Barrick Gold is in the same class and has many of the same features as Goldcorp. It is a big player in cap mining, and has an excellent record of being a finely managed company. Barrick Gold also possess approximately 140 million ounces of gold, which is the biggest gold reserve in the world today. 

Newmont Mining is a company that is fast expanding and growing. There are high hopes that the actual stock price will expand as much as 30-35% over the upcoming 5 years. Another great thing about Newmont Mining is that they have a forward annual dividend of 2.1% which can be increased. Northern Dynasty Minerals has some big growth on the horizon. It is currently working on a huge project that is located in Alaska and building the biggest undeveloped gold and copper deposits in the world today. Rangold Resources is a high choice for Joe Foster, head of gold investments at Van Eck. He believes that because the company is fully unhedged and showed solid earnings growth that it will be a good pick for 2012 gold investment

In business since 1979, Sarasota Rare Coin Gallery is located at 640 South Washington Blvd. in
Sarasota, Florida just north of the 301 and 41 split. A complete full service coin dealer, we also specialize in bullion, rare coins, modern coins and sets, foreign, ancients, and paper money. We offer confidential sales and services, auction representation and want lists. Please call for questions, help, or if you just need help placing an order at 941-366-2191!

Friday, December 16, 2011

Best Time To Buy Gold

Gold has had its worst week ever in the past three months. Many put the blame on the decline of the US economy and other european economies. Other people believe that the continuing decline and weakening of the US economy and dollar will make gold, a dollar priced commodity, more reasonable for people that hold other currency. Bullion suffered a seven percent this week and has been susceptible to the expanding european countries debt crisis.

While this might be considered bad news for some that have invested in gold already, it is great news for those looking to purchase gold. People that have the desire to buy gold can get it at the lowest price that it has been at in three months. Not only will this save you money, it will also net you greater profits when you decide to sell since it was acquired at a low price. Credit Agricole analyst had this to say about the situation, "Gold took a beating this week and today bounced a bit as investors see this as a good moment to buy."

Do not end up being one of those people that kick yourself down the road because you did not buy gold. Many people have regretted not purchasing gold a few years ago, and have missed out on making money. Gold and gold bullion is always a good investment. Small enthusiast or big time investor, check out Kent's Daily Special for the best deals on gold, bullion, and other precious metals!

Sarasota Rare Coin Gallery is located in Sarasota, Florida at 640 South Washington Blvd. We offer FREE APPRAISALS to all of our clients and also offers the rare service of in-home and on-site appraisals. A full service coin dealer we would like to help you get the most money for your PCGS and NGC rated coins! Any questions? Please call us today at (941)366-2191 or 1-800-447-8778!

Wednesday, November 30, 2011

Gold Hits Its Highest Peak

On Wednesday, November 30, gold hit its highest peak in close to two weeks. This occurred after the dollar's worth fell when leading central banks revealed that they planned a move in hopes of escaping a worldwide liquidity crunch. Spot gold's price is also on the rise, it climbed 2% today, hitting its highest peak since November 17.

Some leading people of the financial world believe that the choices made by the leading central banks and other top institutions such as the People's Bank of China will effect the price and gold and its price will continually rise. A strategist for precious metals named Matthew Turner said "The outlook remains dependent on such actions, who knows what the central banks will do next- probably not even the central banks themselves."

Usually, gold can help during economic crisis or financial and stock market upheaval  for the reason that it presents security in case inflation takes off. Gold is also useful in that the gold can be quickly converted into hard currency, offering the owner some type of protection in a financial market downward spiral. Many believe we are already heading towards a destruction and destabilization of the global financial markets. Their advice is to purchase gold, because even if the dollar fails completely, gold will retain its financial value.

Sarasota Rare Coin Gallery is the best choice for purchasing rare coins, paper money, silver and gold coins, gold and silver bullion, and much more! The gallery is truly amazing and his wonderful, helpful staff make this place a gem to visit! A complete and full service coin dealer with an astounding 40 plus years experience that gladly offer Confidential Sales and Service, Auction Representation, and Want Lists! Located in sunny Sarasota, Florida at 640 S. Washington Blvd, 34236! Any questions? Call (941) 366-2191 today!

Tuesday, November 15, 2011

Dow Jones: Russian Central Bank Wants to Purchase 100 Tons of Gold by the End of 2011

So far in 2011, the Central Bank of Russia has purchased 90 metric tons of gold and is well on it's way to purchasing 100 tons before the year's end, so says deputy head of the bank Sergey Shevtsov.

The bank has already stated that it plans on buying 100 tons of gold every year to increase the amount of gold the country has is it's reserve. This plan to buy all this gold was put into place in order to protect the country from going volatile on all of the international financial markets. Hopefully, this plan will bolster Russia's economy and help keep the country stable in all of their different markets.

On January 1, 2011, The Central Bank of Russia gold reserve contained 789.9 tons of gold. By October 1, 2011, The Central Bank of Russia's gold reserve now contains 852.14 tons thanks to the 90 metric tons of gold purchased so far this year.

In 2010, Russia's Central Bank gold reserve increased by an astonishing 24% to make their gold reserve in 2010 to be 25.2 Million Troy Ounces. While this increase was 24% in quantity, the dollar increase on their gold reserve was 60% rising to $35.788 Billion Dollars in 2010 alone. The share of gold in Russia's total gold and currency reserve over the span of 2010 increased by 2.4% to take their total to 7.5% in 2010.

With gold and other precious metals on the constant rise and with Russia purchasing 100 tons of gold every year, Russia's gold reserve and market stability has nowhere to go but up.

If you want to get your hands on some Gold and Silver Coins and/or Bullion, then The Sarasota Rare Coin Gallery is the right place for you. We have all the Gold and Silver you need at the best prices around. Our astonishing showroom and selection will captivate you from the moment you walk in and with just one look you will understand why Sarasota Rare Coin Gallery is the only stop you should make when buying or selling your Gold and Silver Coins or Bullion. We are located at 640 S. Washington Blvd., Sarasota, FL 34236 and can be reached by stopping in or calling 1-800-447-8778.

Thursday, October 27, 2011

Doubts Over Economy Rise

Doubts and fears about the economy are on the rise. CEO's, professors, and investors alike are voicing their concerns over the economy. The United States lowered credit rating and worries with their job market has been in the forefront of the media for some time. The current European financial situation has jumped into the headlines lately.

Famous investor, Marc Faber spoke fervently on the subject to the media and in lectures. Allegedly while giving his lecture at World Commodities Week in London he stated "the governments they are going to *%$! you. That's for sure."  According to Marc, the current trend and state of things is dismal with him commenting that "typical households have lower standards of living that twenty to thirty years ago." While Faber's view remains dark on the subject, he himself claimed that he is an optimist in the face of his fears.

On October 26 a European Union summit took place and Harvard history professor Niall Ferguson commented about his vision on its outcome. "The ECB (European Central Bank) will have to continue buying bonds. They will have to print more aggressively than they have. In the end its going to be the ECB that prints its way out the crisis. Ferguson firmly believes that this is "the only credible end game" the ECB has and that the effect of all this printing will likely head to a cheaper euro.His fear is so rooted that he confidently thinks that there could possibly be a big bank failing in the european area. Ferguson's advice is to put money in the Italian banks.

Call Sarasota Rare Coin Gallery at 1-800-447-8778 for any questions. They have a spacious showroom gallery located at 640 S. Washington Blvd., Sarasota, FL 34236. Subscribe to their newsletter to keep up with the latest events and news.

Friday, October 14, 2011

Spain and Italy Recently Downgraded

Last week Spain's credit rating from Fitch was downgraded. The downgrade was drastic, and once the news got out affected markets everywhere. Practically everything besides the US dollar went down in value. The US dollar was able to remain stable during this upheaval. Spain's previous credit rating had been AA+, but went down to AA-.

Italy was also downgraded around the same time Spain was. Italy's current credit rating given by Fitch is now A+. Unfortunately, their credit rating had been downgraded before on October 4th, 2011. The aforementioned reduction in credit rating was given by Moody's. A waning global outlook and a deteriorating confidence in the wholesale financial area in euro sovereigns were listed as just a few of the reasons for the reduction in credit rating. The Italian prime minister claimed that the lowering of the score was anticipated.

Sarasota Rare Coin Gallery can be reached at (941) 366-2191 or (800)447-8778. We have a spacious showroom and more than 40 years of experience. Our friendly and knowledgeable staff are here to assist you! Let us help you get the most for your PCGS and NGC graded coins!

Thursday, September 22, 2011

Facts on Gold from Sarasota Rare Coin Gallery

Gold is one of the earliest and rarest metals know to man.  Even back in prehistoric times gold was used as money and highly valued.  Although gold is rare, it has been discovered on every single continent in the world.  Just exactly how rare is the precious metal gold?  A person would have a better chance of finding a five-caret diamond than unearthing a one-ounce gold nugget.  The biggest gold nugget ever discovered in the United States came from California and weighed in at a whopping 195 pounds!

When people think of gold they mostly associate it with jewelry.  While gold is considered to be the most prominent metals in the fabrication of jewelry, it has several other uses.  One of gold's prevalent roles is its use as coinage.  It can also be used in applications for dental work, plating, and reflectors.  Gold is edible and can be consumed.  People have been placing gold leaf in liquor and routinely using it as a garnish in meals for at least 500 years or so.  Some arthritis sufferers employ gold as a treatment option, and astoundingly it works with a seventy percent success rate!

Gold is a commodity that has several purposes and uses. Gold is inactive chemically. This means that it is not affected by variables such as moisture, heat, air, or regular solvents.  Modern science has engineered gold so that it is utilized in the construction of astronaut helmets and window glass on space shuttles.  It is used for this application because gold has the ability to stay cool and reflect infrared rays while permitting sunlight to still pass all the way through.

For any questions or specific information please contact us or call Sarasota Rare Coin Gallery at 941-366-2191.  Please visit our website and check out our upcoming events!  Our friendly and professional staff proudly service the Sarasota/Bradenton area.  You can shop from the convenience of your own home with our online gallery!

Thursday, September 15, 2011

Special Savings with up to 50% off!

Act fast on our featured products and save big!  We are now offering special savings that can save you up to 50% off on some of our products.  If those huge savings aren't enough for you than check out Kent's Daily Special!  Everyday is a chance to save even more with a new offer presented at the start of the new day.  These items can be very limited and are available on a first come, first serve basis only.  Don't miss out or delay a second.

For any questions or specific information, please call Sarasota Rare Coin Gallery at (941) 366-2191 and please ask to speak with Kent.  We are a complete full service coin dealer and offer bullion, rare coins, modern coins, sets, ancients and paper money.  We pride ourselves on our confidential sales and service, our auction representation, and our want lists!  *While most of our inventory is available online, bullion transactions are not available through online payments.  Due to the nature of bullion transactions we do not permit credit cards either.*  For a list of our upcoming events click here!

Friday, August 5, 2011

Who's Buying All The Gold?

Who is buying up the most amount of gold in 2011?  The answer might genuinely surprise you.  The source for this answer comes from statistics collected and prepared by the World Gold Council.  The World Gold Council claims that central banks have bought more gold in the first half of 2011 than all the gold purchased for central banks in the whole year of 2010.

The principal influence of this fiery trend is the emerging market banks are a chief buyer.  Mexico also acquired a massive amount of gold in the second quarter of 2011.  The exact amount purchased by Mexico is believed to be a 100-tonne gold reserve acquisition.

Many people continue to argue if gold prices and values will keep rising.  Since their is such a worldwide demand for the commodity of gold, most people believe this current upswing will continue.  The fact that gold has had such a positive performance in the past leads many to have confidence that gold does have a role as a unique asset class.

Stock Market Falling, Gold Prices Rising

The current condition of the economic state in America is disturbing and alarming.  Before, not many people were concerned with our national deficit besides politicians.  Now it seems that not only are people interested, but everyone has something to say about the debt crisis.  With the worlds eyes turned firmly on the United States, the discouraging reality of its financial affair was seen and commented on by all.  Of course the harshest critics were the newspapers and media.  Their prediction was that gold prices would fall drastically fast, but that stock prices would gain rapidly.  They claimed that these predictions would come to pass after Congress settled on an increase to the nation's deficient.

To many people's surprise, the projection from the newspapers and media turned out to be completely wrong.  Not only were their expectations wrong, but the contrary actually happened.  Gold prices rose and the stock market prices began falling!  For specific information, please fell free to visit our website SarasotaCoin.com and fill out a contact form or call us!