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  • 950 Silverado Street La Jolla, CA 92037    •    1 (858) 412-6462
    Section 1
    ALL GOLD & SILVER PRODUCTS IN STOCK!!!

    Gold Eagles Sales Down But Fundamentals Remain

    Although sales of American Gold Eagles fell, the price of gold has been on a tear in recent months and weeks as stock market questions remain and global geopolitical instability puts in questions Europe, Russia, Japan, China and the US. Few have been immune to question regarding market health and gold has long been a safehaven.

    Some analysts are today calling art and real estate has stores of value but if instability continues to rock markets investors will soon see the truth: physical gold bullion is the way to go.

    As Reuters writes:

    NEW YORK, April 30 (Reuters) - The U.S. Mint's sales of America Eagle gold
    coins in April fell 37 percent from March, while 2015 sales so far have dropped
    for the second straight year, government data showed on Thursday.
    The Mint said it sold 29,500 ounces of American Eagle gold coins in April,
    down from the 46,500 ounces in March but still well above the 18,500 ounces in
    February.
    Sales for the first four months of the year have reached 175,500 ounces,
    down 3.6 percent from the first four months of 2014 as traders waited to see if
    the U.S. Federal Reserve will raise interest rates, something that would
    pressure bullion prices.
    
    (in ounces)
    Gold Silver Platinum
    2015 2014 2015 2014 2015
    January 81,000 91,500 5,530,000 4,775,000 0
    February 18,500 31,000 3,022,000 3,750,000 0
    March 46,500 21,000 3,519,000 5,354,000 0
    April 29,500 38,500 2,851,500 3,569,000 0
    YTD Total 175,500 182,000 14,922,500 17,448,000 0
    
    (Reporting by Marcy Nicholson; Editing by Marguerita Choy)

    It is important to understand that consumer demand is hardly a good show of strength for the gold market, as the same fundamentals which led for it to run from $350 to $1920 still exists.

    The main difference this time around, of course, will be that the gold take off point will be much higher.

    At United CPM we are keeping a close eye on these markets and look forward to truly one day serving you.

    World Spot Prices
    (Updates Every 30 Seconds)
    -2.45

    Gold

    Bid: $1,492.21
    Ask: $1,493.21
    -0.07

    Silver

    Bid: $17.64
    Ask: $17.74
    -4.07

    Platinum

    Bid: $894.33
    Ask: $899.33