Gold and Silver Extend to Over 1-Year Lows, Sparking Fresh Buying

Gold and silver extended their losses yesterday, bringing the two metals down to over 1-year lows. Gold dropped around 1% Tuesday, and although we don’t usually cover losses below 2% for gold, this drop brings gold to its lowest level in just over a year. Moreover, both gold and silver continue to drop today, spurring fresh buying on these continued dips.

Hovering around $1,225 per ounce, gold prices this morning have the yellow metal headed for its fourth straight decline. Gold has already matched its longest decline of this year. If the metal continues in this direction, it is on track to make its first correction since late 2016. Gold prices made a brief stint below their current levels last July, but the longest period it maintained around this level was nearly two years ago.

Similarly, silver prices have also taken a considerable hit, reaching their lowest levels since March 2016. Both gold and silver owe their losses to a strengthening U.S. dollar, and many experts believe the $15 per ounce level for silver could be an important support level for longer-term consolidation. Historically, gold and silver prices have taken a hit during the summer and then rallied again in the fall as investors return from vacation. This is likely to hold true this year—in fact, both metals are already projected to rise later this year.

If you’re considering buying gold and silver, now is absolutely the time to do so. Just a few months ago, gold was trading at its highest levels since mid-2016, with silver sitting comfortably above $17 per ounce. Right now, with prices so low, we have two excellent opportunities for investors to add these precious metals to their portfolio. For a limited time, 1-ounce gold American Buffalos (our choice of date) are available for just Spot + 3.99% per ounce* on any quantity ordered.

Furthermore, due to exceptional demand last month, we were able to bring back a limited quantity of Walking Liberty, Franklin, and Kennedy junk silver half dollars (our choice of design) for Spot + 99¢ per ounce* on any quantity ordered! Usually half dollars are priced much higher than current levels, so if you want to round out your investment and add half dollars to your allocation of 90% silver dimes and quarters—or even if you’re just now considering junk silver for the first time—this is the time to do so while premiums and prices are so heavily discounted. To take advantage of this exceptional price discount for gold and silver, please call us at 800-831-0007 or email us.

*Prices subject to change based on market fluctuation and product availability. Prices reflected are for cash, check, or bank wire. Free shipping, handling, and insurance are available for junk silver $1,000 Face Value purchases or more and 1-ounce gold American Buffalo purchases of 10 ounces or more. Half dollar type selection is random and based on availability. 1-ounce gold American Buffalos are available in our choice of date. Offer expires Friday, July 20, 2018, or while supplies last.