Woodland Hills, CA (PressExposure) May 07, 2013 -- On April 15, gold prices dropped more than 9 percent to $1,361 an ounce - creating a modern day "gold rush" as savvy investors lined up to buy gold bullion and coins at record low prices.
Gold dealers worldwide were caught off guard by the public rush to buy gold coin and bullion. Many dealers only had limited supplies on-hand and were unable to meet the sharp increase in demand. The limited supply led to sharp rises in premiums in many parts of the world, particularly in Asia and the Middle East. The U.S. had a greater supply, particularly in major gold markets such as Dallas and Los Angeles and, so far, has been able to meet rising demands - though supplies are starting to run short.
Media reports have cited long lines outside gold dealers in Asian countries and the Middle East. The demand was also seen in some Western country mints. A recent Bloomberg article reports that the British Royal Mint sold three times more gold coins this April than in April 2012. The U.S. Mint sales of gold coins so far in April are 196,500 ounces, the most sales since December 2009.
As more and more investors decide to take advantage of the old "buy low/ sell high" trick with gold, currency-grade bullion and coins will be harder to come by. U.S. financial experts are advising investors to take advantage of low gold prices and buy gold coin and bars while it is readily available. One of the best ways to purchase gold is through a gold-backed IRA investment.
With a gold-backed IRA investment, you create a retirement fund that is backed by physical gold, rather than stocks and bonds. A gold IRA broker sells you the gold and also acts as the custodian of your gold, taking on the responsibility of managing the investment and storing your gold bars or coin. As gold continues to increase in demand, now is the time to make a move and buy gold, before prices see a sharp spike in response to increased demand.
If you're looking for high-quality currency-grade gold, contact the Heritage Gold Group at (855)-GOLD-IRA or visit Heritage Group to purchase gold and discover which gold IRA options are best for you. You can also download a free 2013 gold investor's guide, their gift to you to help you learn more about the security of investing in gold.
Contact Heritage Gold Group:
Heritage Gold Group
6320 Canoga Ave 15th Floor
Woodland Hills, CA 91367