Fed’s Decision Opens Buying Opportunity for Precious Metals

Gold prices reached their highest level in the past two weeks climbing to $1,337 per ounce after the Federal Reserve’s decision to keep its policy rate unchanged. Last Wednesday, the Federal Open Market Committee released in its statement, “the Committee judges that the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives.”

Earlier that day, gold had already ticked higher after the Bank of Japan’s monetary policy meeting. The Bank of Japan decided to overhaul its monetary policy and make a commitment to push its inflation beyond their 2.0% target in order to expand their monetary base.

The Bank of Japan’s and the Fed’s decisions are positive signs for the precious metals industry. “As some of the excesses in other classes get unwound, gold will perform very strongly,” said Diego Parrilla, managing director of Old Mutual Global Investors, who has almost 20 years of experience in precious metals markets. Bill Gross, who runs the $1.5 billion Janus Global Unconstrained Bond Fund, said there’s little choice but to invest in gold and real estate given the current bond yields.

Rich Checkan, president and COO for Asset Strategies International makes the case for gold on the sidelines of the Sovereign Society’s Total Wealth Symposium in his interview with Kitco News.

To take advantage of gold’s renewed luster, we’re pleased to offer you the 1-ounce Gold American Buffalo coin at one of the lowest prices we’ve offered since 2006 for a limited time. The Gold Buffalo coin is one of the world’s favorite gold bullion products. It was the first high quality .9999 fine gold coin issued by the U.S. Mint and is backed by the U.S. government. Invest in a Gold Buffalo coin now to add an attractive investment value to your collection or your Precious Metals IRA.

1 ounce Gold American Buffalo Coin

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*Prices are subject to change due to market fluctuation and product availability. Offer expires Friday, September 30, 2016.