We need the U.S. Mint to produce more gold and silver Eagle coins, both in the uncirculated bullion version as well as the Proof version, which is very popular among clients with IRAs.
(PRWEB) June 07, 2013
Gold and silver prices have fallen significantly in the last year, but the reversal of an 11-year bull market for gold and silver has not satiated demand for gold and silver coins, according to one large-volume U.S. gold coin dealer.
Gold Coin (http://www.goldcoin.net) has been in the business of buying, selling and trading coinage of all types for decades, and an executive for the company believes that demand for physical gold and silver will only continue to grow in the coming years.
“The number most people know about is the spot price. That price is based on the physical gold market as well as derivatives markets. Even though institutional investors and large banks have been pulling out of the derivatives markets, they are still very much interested in holding actual gold, as are household investors who simply need a place besides a savings account or C.D. (certificate of deposit) to put their money,” said GoldCoin.net vice president of marketing Stewart Lawson. “They don’t trust the stock market and government-issued bonds can’t even keep up with inflation, so even if they aren’t big fans of gold, it becomes the default safe-haven investment in this sort of economy.”
“We need the U.S. Mint to produce more gold and silver Eagle coins, both in the uncirculated bullion version as well as the Proof version, which is very popular among clients with IRAs,” Lawson added.
Lawson said that although spot prices have fallen recently, individual investors have steadily increased their appetite for gold for two reasons. “People like to feel secure, and there is nothing like having some gold coins and silver coins tucked away somewhere to help you sleep better at night. Plus, with gold recently in the $1900 range and silver close to $50 per ounce, lots of people see gold and silver as a real bargain considering the factors that drove gold up in the first place haven’t changed. Our government is still piling up debt and devaluing our currency, and that could be good for gold in the long run.”
Gold Coin (GoldCoin.net) has over two decades of experience advising household investors on smart physical gold and silver investments and gold coin IRA and 401k plans. They buy and sell all types of precious metals and offer free home delivery. For more information or a free “Gold Coin Starter Kit,” visit http://www.goldcoin.net or call 1-800-425-5672 today.