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Morgan Gold
Works at Morgan Gold
Works at Morgan Gold
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"While all these momentum sellers were getting out of the
ETFs, people who are interested in physical gold view it as a
buying opportunity," said Edmund Moy, chief strategist of Morgan
Gold, which offers physical precious metals in retirement
accounts.

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"Recent price volatility has been solely driven by ETF paper speculators fleeing the market in a panic herding to other investments in search of better returns," Louis Palafoutas, CEO of MorganGold, said in an email.

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Cyber Attacks Could Boost Demand For Gold And Silver Coins

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Will Ed Moy Be The Last U.S. Mint Director?

Former Mint Director Says Gold Will Follow Debt Ceiling Higher
James O'Dell

Precious metals prices retreated for the week, as the price to invest in Gold eased 1.57 percent or $26.40 to close at $1,657.90 an ounce on Friday, amid upbeat expectations that the economy is turning around, with increases in flash manufacturing PMI, and a rising business climate index, all putting pressure on the metals, but headwinds persist. With sales of new homes plummeting 7.3 percent in December, far below analyst’s expectations, and the nation exceeding, once again, its $16.4 trillion debt ceiling, the latest euphoria could be misplaced. The price to invest in Silver dipped 2.23 percent or $0.71 to close at $31.13 an ounce, while the Gold/Silver ratio, the number of ounces of Silver it takes to buy one ounce of Gold, climbed to 53.26 as Silver under-performed Gold.

With the nation within weeks of hitting its borrowing cap again, Former director of the U.S. Mint and Morgan Gold’s Chief Strategist, Ed Moy, spoke with Bloomberg's Mark Crumpton on Tuesday about how a short-term fix to the nation's borrowing cap would affect the metals market. The interview took place on Bloomberg Television's 'Bottom Line.' Mr. Moy said that the fix would help in the long term, because 'the price of Gold correlates very well with the national debt ceiling' and as the debt ceiling rises, the price of Gold rises with it.

'We at Morgan Gold have seen Gold demand continue to be strong, from last year to this year,' said Mr. Moy. 'Gold should go up when the debt ceiling gets raised, but investors should expect a lot of volatility,' he said. The former Mint director went on to explain that investors should not expect a sudden spike in the Gold price when lawmakers finally agree to raise the borrowing cap. The greater point the former director is making here is that 'Gold should keep rising until the U.S. gets its fiscal house in order.'

Meanwhile, long term, 'The investment case for Gold looks robust,' said Evy Hambro of Blackrock. 'The behavior of central banks,' says Hambro, 'suggests Gold purchases look set to continue as diversification of currency exposure remains a key focus.' The Russian central bank is the latest to signal that it will diversify its foreign reserves out of risky paper assets and into Gold bullion as it seeks to reinforce its ability to withstand future economic calamities. 'We are buying metal and will continue to pursue this course,' said First Deputy Chairman Alexei Ulyukayev, as he spoke during the World Economic Forum, in Davos on Thursday. The Bank of Russia's foreign reserves now top $530 billion, the fourth largest in the world.

In the meantime, Gold miners are 'more optimistic' about the price of Gold this year than they were last year, says the new Global Gold Price Report from PwC. 'Eighty-three per cent of executives believe we will see a rise in the price of Gold, with zero expecting to see a decline,' says PwC. 'Executives of some of the largest Gold companies expect to see the price of Gold climb beyond $2000 in 2013.' Don’t allow the falling value of the dollar to affect your retirement, find out at Morgan Gold why investors in the U.S. prefer Pre 1933 or post 1986 Gold coins. Discover, why buying these Gold coins is completely private with absolutely no U.S. government reporting or 1099 forms required, whatsoever.

Join the 38th Director of the United States Mint, and Chief Strategist at Morgan Gold, Edmund C. Moy, and start a new Gold IRA or Gold 401k today. Mr. Moy, while setting up his personal Gold IRA retirement account at Morgan Gold, enjoyed the honesty and integrity of Morgan Gold CEO, Steve Deeds, so much he joined us. Mr. Moy’s knowledge of the design and minting of Gold and Silver coins is incomparable.

Call Toll Free 1.800.585.1773 and let Morgan Gold help you diversify your portfolio or set you up with a new Gold IRA or Silver IRA, Today.

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