Gold Soars To Seven-Week High
Precious metals experienced a huge lull in sales and spot in April of 2013, however a new trend has surfaced in the Gold & Silver Eagle market. The demand for both precious metals coins remained strong in the first four months of 2013, however now people are significantly purchasing more Silver Eagles — leading to an expected higher percentage gain in silver than gold in the near term.
The ratio was 19.5/1 in April, 80/1 in July and so far in August it’s a stunning 489/1! In the past month, investors are have bought nearly 500 times as many Silver Eagles as Gold Eagles from the US Mint!
Looking at the chart below Gold Eagles sales declined from 209,500 oz in April down to only 50,500 in July.
In addition to this data, Gold Eagle sales dipped significantly as was reported by the U.S. Mint that only 5,000 oz of Gold Eagles were sold.
Silver Eagle sales are stronger than they have been as of recent and continue to grow at a frantic pace. The chart below details that after the second dip in the price of gold and silver in June, individuals purchased 4,046,500 Silver Eagles in July which nearly topped April’s total of 4,087,000. Silver Eagle sales are on track to top the total sales for 2012 within the next 2-3 weeks of 2013 leaving three full months left this year in purchasing.
There’s a great wealth transfer taking place right now. Are you on the losing end or the receiving end?
Wealth Transfer Planning
Precious metals have always been a safe haven for investing in high inflationary times. Historically speaking, a recurring cycle that always seems to repeat itself is periods of high inflation as a precursor to the crash of paper currencies. Those who understand this wealth cycle and position themselves in gold and silver are those who prosper.
Precious metals are assets that will never lose their value. They are not subject to systematic risks as paper money and serve as a hedge against inflation and other threats of devaluation. Cornerstone Asset Metals was established to help guide investors safely in and out of the precious metals market.
The Great Wealth Transfer
Watch Terry Sacka: The Wealth Transfer show on the Christian Television Network discussing the financial and influential decline of the Western world and the simultaneous wealth increase of the East. With the wealth of nations shifting, it’s imperative to understand moving forward how hard tangible assets will allow you to maintain a quality lifestyle.
Visit the Wealth Transfer archive for more episodes.
Learn more about how buying gold and silver today is a smart move for your investment portfolio.
» Contact Cornerstone Asset Metals today to learn more about buying gold and silver as an investment.
» Read our article: Why Silver is Going Up Today?
» Read our article: Why Gold is Going Up Today?
Past performance is not an indication of future potential values.
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