Weaker-Than-Expected Employment Report Will Be Bullish For Gold, Reports America’s Gold Superstore, Gold Coin

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The latest U.S. employment report shows that fewer jobs were created and unemployment is up. As a result, Gold Coin analysts are expecting to see higher gold prices in the coming weeks.

Gold Coin

Gold Coin

The U.S. employment report released Friday morning was slightly less auspicious than had been expected. Economists had been hoping to see 165,000 new jobs created in January and a stagnant unemployment rate, but they were let down on both accounts. With 12 million Americans currently jobless, January saw only 157,000 new jobs created, and unemployment climbed to 7.9%. Although these numbers paint a somewhat bleak picture for the U.S. economy, gold investors can take heart as the weaker-than-expected report is likely to be bullish for gold. The gold price is expected to be a little volatile in the days following the report, but analysts at Gold Coin foresee a positive future for gold in the wake of the employment numbers.

Arthur McGuire, Vice President of Gold Coin says, “These numbers only strengthen our faith in the precious yellow metal that has increased in value over 550% in the last 12 years. Although it is unfortunate that something like increased unemployment is a boon to gold, it’s an economic phenomenon that cannot be denied. Now is the perfect time to invest in physical gold bars and coins. Mining stocks and exchange-traded funds, what we call “paper gold,” just aren’t as secure as holding the genuine artifact in your hands, and what investors need more than anything right now is security. The latest employment data reveals that the U.S. economy, though sluggishly recovering, is still in a period of great uncertainty, the end of which doesn’t seem to be in sight. Investing in gold coins and bars is the best way to stabilize one’s finances against that uncertainty.”

Gold Coin (GoldCoin.net) 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.

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Arthur McGuire
Gold Coin
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