Gold & Silver so far in 2016 – Prices have moved solidly higher in the first five weeks of trading this year!!
The stock market is having a horrible time so far in 2016, with the S&P 500 down more than 9%. Gold, on the other hand, is up nearly 10% year-to-date and hit a four-month high of just under $1200 per ounce on Monday before dipping 0.7% Tuesday to $1189.30. #Silver has also been moving steadily higher so far in 2016, up approx. 10.5% on the year.
Thee commodity (Gold & Silver) is looking even more attractive in the face of negative interest rates, especially as Treasury yields tumble. On Tuesday, the Japanese 10-year bond yield fell into negative territory for the first time ever.
Investors are returning to gold after shunning the metal for three straight years. A stagnating global economy is threatening U.S. expansion and casting doubts over whether Federal Reserve policy makers will raise interest rates anytime soon. That’s sending the dollar lower and raising the allure of gold as both a store of value and a haven asset. A Bloomberg Intelligence index tracking bullion producers has jumped 20 percent this year.
“Traders feel like there’s more weakness ahead for this economy, and gold is the place to be positioned,” Fain Shaffer, the president of Infinity Trading Corp. in Indianapolis, said in a telephone interview. The gains for bullish options show that “we may be seeing a change in this market,” he said.
We have seen an uptick in demand for physical Gold & Silver in both our La Jolla and Kearny Mesa locations. Strongest demand in gold has been for 1oz .9999 Gold PAMP bars & 1oz .9999 Gold Maple Leaf Coins. Most Popular in Silver, 1oz .999 Silver Rounds, 1oz U.S. Silver Eagle Coins, & 10oz .999 Silver bars.
Up to the minute BUY and SELL prices on the Gold & Silver products are available 24hrs a day on our websites;
Please feel free to contact either shop with any questions or to either BUY or SELL Gold & Silver