Gold and Silver Rising - What You Need to Know

The market is reacting to rising uncertainty surrounding Brexit and Trump. The gold spot price reached a 2-month high today around $1,215 per ounce due to post-Brexit concerns. The British Prime Minister, Theresa May, is expected to speak today surrounding the EU exit deal. There is rising speculation that May wants a full exit plan. According to Commerzbank analysts, “gold could be in considerable demand,” depending on May’s comments.

Along with Brexit concerns, there is rising uncertainty around President-elect Donald Trump’s plans for the U.S. economy. Recently, Trump stated the U.S. dollar was “too strong,” which caused the dollar to retreat and pushed gold prices higher. Silver also rose around 2% today, breaking $17 per ounce.

Last fall, we predicted gold and silver prices would rise after the Fed hiked interest rates. We also noted gold prices have always risen in the first quarter of January for the past 3 years. Those of you who read Rich’s Perspective in October predicting the rise in prices had a head start in taking advantage of this market. However, for those of you who did not, it’s not too late to take action.

With rising uncertainty surrounding the U.S. and European markets, lock-in prices at this time with 1-ounce gold bars at Spot + $25 for any quantity* (our choice of LBMA brands).

Call us at 800-831-0007 or send us an email to purchase your gold bars at still low levels!

*Prices are subject to change due to availability and market fluctuation. Free shipping, handling and insurance on purchases of 10 ounces or more. Our choice of LBMA brand bars. Offer expires January 20, 2017.