Expert Changing His Tune on Gold

PHOENIX - June 6, 2013 - PRLog -- 2013 has been a rough year for gold. Many investors and financial experts have advised to sell gold shares (GLD), due to the declining price of the precious metal. However, some of those experts are changing their tune and advising people to start buying gold again.

Seabreeze Partners President, Doug Kass, has publicly stated his disapproving opinion of gold and investing in GLD in the market. However, he recently indicated that buying gold is a good idea, admitting the gold’s intrinsic value makes it difficult to evaluate, and that he sees gold as a good investment for current investors.

The reasons are due to gold’s current low price and the current negative sentiment by the financial world against gold. This creates an opportunity for investors. Gold’s long term historic performance, combined with the current low price, makes a gold investment a low risk, according to Kass. He indicates that the reward potential outweighs the risk.

Kass also indicates that the recent sell off following April’s sharp declines was a surrender of sorts, but was premature. He says that gold may move sideways for a while, but is unlikely to see long term declines from where it currently is hovering. Eventually, it will move up again, so he advises to get in now, while the price is low, to maximize on returns.

Another indicator that Kass points out is that the US Dollar, along with many other major global monetary systems, is decreasing in value. According to Kass, the less valuable these currencies become, the more valuable gold becomes.

His last point is something that we have written about before: demand for physical gold is rising. During the significant price decline of GLD in early April, physical gold coin (http://www.goldandsilveronline.com/t/IRA/1) prices held steady. Since then, demand for physical gold has continued to grow. This trend will cause the price of physical gold to increase, likely sooner rather than later.

Physical gold has generally benefitted from the gold price decline in Q2 of this year. Demand for physical gold grew exponentially after the large sell off in the US and Asia. Historically, physical gold has proven time and time again to be a secure and profitable investment. Despite what the market does, physical gold has an independent value, so your investment is separate from any future market crashes or price declines. If experts like Kass agree that investing in gold is a good idea, it is definitely worth giving strong consideration for your own portfolio.

For Further more information about buy gold coins (http://www.goldandsilveronline.com/) Visit: www.goldandsilveronline.com.

 CONTACT:

14231 N. 7th Street Suite 4A
Phoenix, AZ 85022

877-863-4653

service@goldandsilveronline.com

http://www.goldandsilveronline.com