1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Hunter Wise Commodities calls for independent retailers as gold hits new high of $1,820 an ounce

Global recession fears have catapulted gold to a new record high of over $1,820 an ounce, spawning Hunter Wise Commodities to invite independent retailers to capitalize on this upward precious metals investing trend.

 
PRLog - Aug. 19, 2011 - RAPID CITY, S.D. -- LAS VEGAS – Just when investors thought it couldn’t get much higher, gold rose to a new record of above $1,820 per ounce on Aug. 18 after global recession fears swirled across Wall Street.

The gold news came as stocks plunged 5 percent and crude oil dropped 7 percent, according to Reuters news service. Bullion is headed for its seventh straight weekly gain.

“Investors want gold and government bonds, which are safer assets to possess in a deteriorating global economy,” said Ed Martin, CEO of Hunter Wise Commodities, a physical commodity wholesale dealer based in Las Vegas.

Factors leading to gold’s fourth consecutive daily rise included: concern about the health of European banks; news that factory activity in the United States’ mid-Atlantic region plummeted; and news that existing home sales unexpectedly dropped.

“At times like these, we believe becoming an independent gold retailer is extremely lucrative,” said Martin. “As a precious metal wholesale dealer, we guide independent dealers into running their own successful retail businesses and truly capitalizing on gold while the precious metal is at its most valuable.”

According to Martin, the economy is potentially entering a period of inflation, combined with stagnant growth and high unemployment. He said investors primarily buy gold because it acts as a safe-haven against problems that arise with inflation and global economic stagnation.

Futures reports indicate that gold isn’t forecasted to go down anytime soon. Reuters reported U.S. gold futures at $1,822 an ounce.

Silver, otherwise known as “the poor man’s gold,” rose to $40.65 an ounce on Aug. 18.

Martin said bullion has risen broadly across all major currencies, with gold priced in Japanese yen surging to a record. Euro-priced and sterling-priced gold have also hit near all-time highs.

Investors who want to work with Hunter Wise Commodities to establish independent gold retail businesses can go to the wholesale dealer’s website at http://www.hwcom.com/.

# # #

About Hunter Wise Commodities

Hunter Wise Commodities, LLC is an affiliate of Hunter Wise Financial Group, LLC. The wholesale dealer specializes in the purchase and sale of precious metals such as gold, silver, platinum, palladium and copper. The company’s corporate headquarters are in Las Vegas, Nev., with additional offices in Irvine, Calif., and London, England. For more information about the company, visit http://www.hwcom.com/.

--- End ---

Click to Share

Contact Email:
***@thesharpagency.com Email Verified
Source:Molly Albrecht, Robert Sharp & Associates
Location:RAPID CITY - South Dakota - United States
Industry:Business, Finance, Society
Tags:Hunter Wise Commodities, precious metals wholesale dealer, physical commodity wholesale dealer, gold bullion, silver
Shortcut:prlog.org/11630409
Verified Account Email Address
Verified Account Phone Number

Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share