– U.S. Mint sees highest monthly gold eagle sales in over two years
– Indians take advantage of low price in a season not typically known for gold buying
The manipulative smash on the gold price on Sunday night has once again led to a surge of buying of gold coins and bars across the globe. Both the Wall Street Journal and Reuters report on how bullion dealers are seeing a spike in demand for gold coins and bars in India and China and indeed Europe, Australia and the U.S.
“Gold’s plunge to five-year lows this week has prompted a swift rise in demand from jewelry retailers in China and India, the world’s top consumers of gold, leading to a doubling of premiums paid on physical gold,” reports the WSJ via Marketwatch.
Interest in gold “had waned in recent months as investors flocked to the soaring stock market.” The surge in demand has caused a doubling in the premiums paid for gold. Demand for investment type “gold biscuits” has “shot up” this week according to a Hong Kong based jeweller. “Our sales are up by 20% to 30% compared to average sales in previous months.”
The Perth Mint in Australia has also seen a sharp rise in demand for gold coins. In June, sales were up 37% on the same month last year with the mint clearing 21,962 ounces.
Like so many Countries around the world the UK is printing money like there is no tomorrow. But the harsh reality is that with the financial crisis in the UK there really could be no tomorrow for many people.
With the gross debt of the UK at 900% of its worth and more being borrower month after month it will only take a small rise in interest rates to push the UK into bankruptcy in a much greater scale than even Greece. Private pensions, bank deposits etc could be raided by the Government, stocks and shares will plummet downward and we could see mass unemployment like never before.
So what steps could you take to have some protection from this pending disaster?
By saving pure gold you will have some protection, however it depends on the type of gold you buy and if you actually have it in your possession or merely a certificate to say you own it. The majority of gold dealers sell a one kilo bar of pure gold which costs something like £35,000 but the frightening fact is that there could be others also holding a certificate for the same gold bar.
But now thanks to Karatbars we can buy pure gold in small units like 1 gram, 2.5 gram and 5 gram and these all all heat sealed into a plastic card (size of a debit/credit card) and the pure gold is delivered to your home address by Fedex.
With these small units of pure gold in a time of crisis it will be easy to exchange for currency or buy products from a shop.
Please watch the video below and lets us know what you think.
Robert Kiyosaki the best selling author of books such as “Rich Dad Poor Dad” has made many financial predictions over the past 40 years and he now is fearing a massive stock market crash in 2016 – 2020.
Robert has always invested into property and has huge debts but he also buys pure gold to ensure he has future financial security.
The current 5 Predictions from Robert Kiyosaki:
1. There will be a major market crash in 2016!
2. Savers will be losers – check the expiration date on your brain.
3. Baghdad is the next city to fall
4. Hyperinflation will come
5. Buy gold and silver!