Paris Bank Société Générale Predicts ‘The End Of The Gold Era’, reports Gold Coin

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The French banking and financial services firm, Société Générale, has predicted the end of gold’s historic 12 year bull run, reports America’s Gold Coin Superstore, Gold Coin.

Gold Coin

Gold Coin

The current low prices only make right now a perfect time to invest in gold coins and bars to protect wealth in the future.

In the company’s most recent analysis titled “The End Of The Gold Era”, Paris-based Société Générale predicts that the average price of gold will be $1,500 in 2013. The bank also sees the yellow metal falling all the way to $1,375 an ounce by the end of the year.

To support their claim, bank analysts cite rising interest rates and economic optimism in the U.S. Also influencing their prediction is professional sentiment, which is currently not in favor of gold. They point to the roughly 140 tons of gold outflows that exchange-traded funds saw in the first quarter, noting that the ETF market experienced its largest monthly outflow in history in February.

Arthur McGuire, Vice President of Gold Coin, says, “It looks like another bank has jumped on the gold bear bandwagon, but this is just a fad that will be proven wrong in the long run. We are at a critical point in history in which everyone knows that the global economy is currently not in good shape, but people are simply ignoring this. Many pick and choose which facets of the market they want to pay attention to. For example, yes, ETFs saw massive outflows in the last few months, but physical demand is very strong right now. Economic stimulus and quantitative easing have given us a false sense of security, but it won’t last. The wheels that will move gold in the future have already been set in motion. The current low prices only make right now a perfect time to invest in gold coins and bars to protect wealth in the future.”

Gold Coin (GoldCoin.net) is America’s Gold Coin Superstore with 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 gold, silver and platinum coins and offer 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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