OUTLOOK 2013: Central-Bank Gold Buying Expected To Continue In 2013, At Least Offering Floor For Prices

Posted on January 7, 2013 by PMBG

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(Kitco News) – A major shift in the gold market in recent years was the move by central banks from net sellers to net buyers, and that trend is expected to continue in 2013, analysts said.

That doesn’t automatically mean gold prices will rise next year, although it certainly helps. But it at least provides a source of buying that should help limit any downside, some said.

Gold was on the skids for much of the 1990s, and the slide was compounded by selling from central banks, particularly those in Europe. This selling continued early in the last decade even as gold prices picked up, but gradually the selling abated and buying picked up.

“Anywhere from 10% to 15% of annual supply in the gold market was coming from central banks every year,” said Nicholas Brooks, head of research and investment strategy with ETF Securities. “In the second quarter of 2009, central banks became net buyers in the gold market—primarily emerging-market central banks with balance-of-payments surpluses. They are now buying close to 15% of annual supply in the gold market. So you’ve seen a…30-percentage-point switch of a net supplier becoming a net source of consumption in the gold market.”

And that, Brooks said, “puts to some degree a floor under the gold price.”

Central banks collectively bought 77.3 metric tons of gold in 2010, said Natalie Dempster, director of government affairs with the World Gold Council.

“That was the first net purchase by the official sector in two decades,” she said. Previously, central banks collectively were selling between 400 and 500 tons a year on a regular basis, she added.

Official-sector buying surged to 456.8 tons in 2011. This means a swing of close to 1,000 tons from some years when these banks were net sellers, she said. To put that into perspective, the swing is more than a third of the global mine output last year of 2,826.5 tons, she added.

Central banks are buying at roughly the same pace in 2012 as a year ago. Purchases were 373.9 tons through the first three quarters of the year.

Buying Physical Gold Demystified

Posted on December 17, 2012 by Angela Stern

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Precious Metals Brokerage Group International, LLC (PMBG) Announces the ABCs of Buying Gold Prior to 2013

Many Americans want to buy silver before 2013, but where to buy and how to go about it? Precious Metals Brokerage Group, International (PMBG) announces the “ABCs of Investing in Physical Gold” to assist interested first-time and/or newer potential investors.

Precious Metals Brokerage Group, International (PMBG) presents a simplified “ABC Guide to Investing in Gold” to assist American investors who want to buy gold but don’t know where to start or how to go about it. This overview is geared for the first-time and/or newer Gold investor.

A) Understand The Current Market: The fundamental case for increased gold prices remains strong. In late December 2011, gold dipped to a 12-month low, below $1,550/oz. Traders who responded to the barrage of ‘buy’ recommendations were quickly rewarded as the metal soared to test $1,800/oz. again by late February. Since then gold has oscillated in price based upon several macro-economic factors (such as the Eurozone Crisis, an election year and a third round of Quantitative Easing). This oscillating pattern and the temporary pullbacks that have occurred over the last year gives first time gold investors a chance in the remainder of 2012 to establish a position before the metal makes its next move higher. Currently hovering right around $1,700/oz., gold has many leading experts signaling a significant move up by the beginning of 2013, especially since it has already tested or hit the $1,800 mark three times in the last 13 months.

Read Full Press Release Here: http://www.prweb.com/releases/2012/12/prweb10206038.htm

Gold’s Buyable Bounce

Posted on November 13, 2012 by Angela Stern

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Your reasons for owning gold don’t matter to me right now. It could be that you want to protect yourself from the declining dollar. Or perhaps you believe foreign demand will increase prices. Readers of these pages will have plenty of ammo for a bullish gold argument at hand. So, rather than lecture you on why you should have your very own stash of shiny yellow metal Instead, I want to help you buy it for the best possible price.

Even if you’re a long-term investor, it’s important for you to time your gold purchase in order to get the most out of the investment. And right now could well be an excellent buying opportunity…

Shortly after gold started to move higher in September, I told my readers about three new buying opportunities to exploit before gold attempts to make new all-time highs. Despite its recent breakout, gold had simply moved too far, too fast. That’s why I thought you should wait for a better-timed entry, instead of getting caught chasing the price.

Here’s what I wrote in September:

“Gold is running out of gas as it approaches resistance at $1,800. It will probably need to rest or retrace before attacking $1,800…

“If and when a pullback occurs, give gold several days to a couple of weeks to move down and/or sideways. Eventually, the price will tell you where and when support will be.

“Once gold moves higher from its new support level, you will have found your low-risk entry point. If I had to guess right now, I would say you might have an opportunity to buy near $1,725…”

What role (if any) will electing an incumbent Democrat or a 1st-term Republican have on short-term prices of Gold and Silver?

Posted on November 5, 2012 by Angela Stern

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PMBG announces expected outcomes coming out of the gates of next week’s election!

Several IRA account holders are putting gold into their IRAs as a part of fund diversification, which can even out the value of their portfolio even during a weak period in the stock market. Precious Metal Brokerage Group International (PMBG) presents their insight into how to invest in gold IRAs.

With the presidential election less than one week away, market watchers are estimating what kind of impact a Mitt Romney win would have on the markets, including gold prices. Gold is expected to continue its rise in 2013, reaching up to the $2,000 mark – or higher. On Oct. 23, Deutsche Bank analysts called for gold to exceed $2,200 an ounce next year. This came in light of the stimulus measures by central banks. (http://beforeitsnews.com/gold-and-precious-metals/2012/11/gold-silver-and-the-us-election-2455194.html)

Gold prices generally languish in a year leading up to a U.S. presidential election and silver prices tend to weaken as well. Bad economic news and geopolitical concerns spur investors to buy gold and silver. “For one thing, the incumbent tries to keep the public focused on any positive economic news, and that isn’t good for gold,” says Terry Hanlon, president of Dillon Gage Metals in Dallas, adding that “If the past is any guide, this may be a good time to invest in precious metal coins like U.S. gold and silver American Eagles or Canadian Maple Leafs, looking for them to rise in value after the November election.”

Reed Full Press Release Here: http://www.prweb.com/releases/2012/11/prweb10092674.htm

PMBG PRESS RELEASE

Posted on October 9, 2012 by Angela Stern

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PMBG Announces a Rising Popularity of Americans Seeking to Invest Gold in Their IRAs

There has been a notable rise in the number of American Investors who are putting gold and silver into their IRAs for the first time. As a part of further fund diversification, IRAs with physical precious metals can act to even out and preserve the value of a portfolio even during week economic periods. Precious Metal Brokerage Group International (PMBG) presents their insight into how to invest in gold IRAs…

Read Full PR Here: http://www.prweb.com/releases/2012/10/prweb9898223.htm