We expect gold coin demand to continue in 2013, possibly pushing gold’s spot price above and beyond $2,000 per ounce.
New York, NY (PRWEB) December 14, 2012
Historically, November is a powerful month for gold, and last month was no different. The latest CNN report shows that November 2012 American Eagle gold coin sales reached 136,000 ounces, increasing 130% from October’s 59,000 ounces. Since gold is a supply and demand market, the higher demand has pushed gold’s price up 8% for 2012, and over 500% since 2001. America’s gold coin superstore, Gold Coin projects that demand for gold will continue in 2013 as the fiscal cliff approaches and investors flock to safe-haven investments that can profit and preserve wealth in the face of global economic instability.
Arthur McGuire, Vice President of Gold Coin says “The approaching fiscal cliff is a big issue to American investors. We’re looking at over $600 billion in automatic spending cuts and tax increases if a solution is not found before reaching the fiscal cliff on midnight, December 31. Investment portfolios and retirement accounts could be in serious trouble, which is why so many investors are diversifying into physical gold investments that have an excellent track record of profiting and preserving wealth when economies go sour. We expect gold coin demand to continue in 2013, possibly pushing gold’s spot price above and beyond $2,000 per ounce.”
Gold Coin is America's gold coin superstore. They buy and sell all types of gold, silver, and platinum coins with free delivery directly to your door. For more information or a free "Gold Coin Starter Kit", visit http://www.GoldCoin.net or call 1-800-425-5672 today.