Daily Gains Letter’s Moe Zulfiqar releases expert opinion on why investors should now consider adding gold bullion to their portfolio.
New York, United States – February 15, 2014 /MarketersMedia/ —
Daily Gains Letter (www.DailyGainsLetter.com), an e-letter published by Lombardi Publishing Corporation, a 28-year-old consumer publisher that has served over one million customers in 141 countries, is announcing its top reasons why investors should consider adding gold investments to their portfolios.
“Why would someone be bullish on gold right now when stocks have the momentum?” says financial analyst Moe Zulfiqar. “While buyers are stepping into the markets after every decline, it’s important to remember that the underlying fundamentals are becoming weak, which could create a massive sell-off very quickly. Another reason to be bullish on gold is supply and demand.”
China has surpassed India as the world’s biggest consumer of gold. According to the China Gold Association, in 2013, gold consumption increased 41% year-over-year to 1,176.4 tonnes. This was also the first time that demand for gold from China reached more than 1,000 tonnes. (Source: Standing, J. and Ananthalakshmi, A., “UPDATE 1-China’s gold demand surges, tops 1,000 tonnes for first time,” Reuters, February 10, 2014; http://www.reuters.com/article/2014/02/10/china-gold-idUSL3N0LF1EB20140210.)
Demand for gold in the U.S. is also robust. From the beginning of the year up until February 7, the U.S. Mint sold 97,500 ounces of American Eagle gold bullion coins. The U.S. Mint also sold 41,500 ounces of gold bullion American Buffalo 24-karat coins; this was the second-highest number sold since January of 2013. (Source: “Bullion Sales/Mintage Figures,” United States Mint web site; https://www.usmint.gov/about_the_mint/?action=PreciousMetals&type=bullion, last accessed February 10, 2014.)
“Back in April and June of 2013, when gold bullion prices were experiencing selling pressure, the general consensus by the bears was that the buyers would eventually run out,” Zulfiqar adds. “This hasn’t happened; in fact, we are actually seeing an increasing number of buyers enter the arena.”
“At the end of the day, investors continue to see gold bullion as a good investment, providing safety in times of uncertainty,” he concludes. ”We see risks in the global economy increasing, plus the fundamentals that drive the key stock indices aren’t as surprising. The argument to own gold bullion gets even better when we take the supply and demand environment into consideration.”
Founded in 1986, Lombardi Publishing Corporation, which has served over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more information on Lombardi Publishing Corporation and Daily Gains Letter, visit www.lombardipublishing.com.
For more information about us, please visit http://www.dailygainsletter.com/
Name: Wendy Potter
Address: 350 5th Avenue, 59th Floor, New York, NY 10118
Phone: 905 856 2022
Organization: Lombardi Publishing Corporation