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SOURCE: Gold Coin
The Federal Reserve’s stimulus and quantitative easing plans are purchasing $45 billion in long-term treasuries and $40 billion in mortgage backed securities per month totaling over $85 billion. This stimulus is expected to continue, and as a result, gold coin superstore, Gold Coin projects that gold coin prices could increase in 2013 as investors continue to purchase gold for safe-haven profit and wealth preservation.
New York, NY (PRWEB) December 11, 2012
The latest stimulus measure by the US Federal Reserve, dubbed QE3, or Quantitative Easing 3, has been purchasing $85 billion in long-term treasuries and mortgage-backed securities per month since September 2012. This economic stimulus was enacted in order to encourage growth, boost employment and sustain the real estate market in the United States. The latest report from the Wall Street Journal states that stimulus and quantitative easing is likely to continue in 2013. Financial analysts at America’s gold coin superstore, Gold Coin project that gold coin prices will continue to increase in 2013 as investors purchase gold to profit and protect their wealth from global economic crisis.
Arthur McGuire, Vice President of Gold Coin says “There have been a few bearish projections lately forecasting that gold has reached the end of its bubble. Let me show you why we believe this isn’t possible. Gold coins began skyrocketing in 2001 when the US economy started to decline. The dollar was weak, real estate was crumbling and stocks were on stilts. These are the fundamentals that drive gold prices higher. Have they changed? Not at all, if anything, the fundamentals have gotten stronger. The bottom line is that the US economy is in no better shape than in 2001, which is why our gold analysts project $2,200 per ounce of gold in 2013 as investors continue flocking to gold for profit and wealth preservation.”
Gold Coin is America's gold coin superstore. They buy and sell all types of gold, silver, and platinum coins with free delivery directly to your door. For more information or a free "Gold Coin Starter Kit", visit http://www.GoldCoin.net or call 1-800-425-5672 today.
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