If you haven’t paid close attention to the precious metals markets, then please read this: Over the past 30 days, the price of gold has exploded over $80 per ounce, a 28-year high! Silver has surged an amazing 13% in value!
Why is this happening now? Here are the three main reasons for this sudden price explosion:
The U.S. Dollar hit an all-time low against the Euro and other world currencies. The recent rate cut by the Fed, while good short term for stocks, is awful for the long-term value of the Dollar.
- Oil moved to all-time high over $82 per barrel, an extremely inflationary trend that’s negative to stocks and consumers.
- Economists are raising their probability of a recession in the U.S. early next year with Merrill Lynch putting the odds at 70%.
- Clearly, all of these trends are great for gold and silver!
- This may come as a wake-up call to some of our readers. When thinking about the questions: “What is gold worth?” Many people wonder if gold could surpass the 1980 all-time high of $850 per ounce. Here at International Rarities Corporation, we believe there’s still plenty of profit potential ahead. Adjusted for inflation, $850 in 1980 equates to over $2,400 today!
The Pre-1933 Gold Market typically lags the upward moves in the bullion market, creating a short-term window for rapid price appreciation. Today, we believe the timing is absolutely perfect for using gold as an investment.
We currently see the most extreme opportunity in the Pre-1933 Gold Market. In particular, MS-63 and MS-64 Gold seems incredibly undervalued at current levels. Over the past few weeks, dealer inventories have been wiped out and bids are beginning to escalate rapidly as dealers scramble to fill orders.
The fundamentals for a long-term bull market in precious metals and rare coins are stronger than ever. We believe the best is yet to come. Please act immediately if you are considering gold as an investment before prices move higher.