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SOURCE: Gold Price
Heightened purchasing of mining stocks and physical gold coins in spite of recently modest spot prices could point to a rise in gold prices in the near future, reports America’s Gold Coin Superstore, Gold Coin.
New York, NY (PRWEB) March 21, 2013
Newcrest Mining Ltd. has called for gold spot prices to trade up to $2,000 per ounce this year, due to gold’s safe-haven demand as well as a supply that is substantially more constricted now than in 2012. Newcrest is Australia’s largest producer of gold and the research team for this company updates its’ gold forecast often.
“If I look at the preconditions for the gold price in the medium term, I think about monetary supply, interest rate, inflation, political economic drivers...I’m confident about the gold price. I expect them to stay strong for the medium term,” said Greg Robinson, CEO of Newcrest.
Eric Sprott, founder and chairman of Canadian fund manager Sprott Inc., added to Robinson’s remarks by saying he thinks that the economic crisis is not yet over but is, in fact, in full bloom. “There are more reasons to own gold today than there have ever been reasons to own gold,” Sprott pointed out.
Arthur McGuire, Vice President of Gold Coin, a leading U.S. gold coin exchange, also believes that the current climate is favorable for gold. “The situation in Cyprus has spooked investors by showing them that governments can really do anything they want, up to and including taking money right out of your bank account. This could give gold coin prices serious leverage over the next few months,” McGuire said.
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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