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!

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!