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Precious Metals and Gold community Monthly Newsletter from GoldfingerCoin.com

FEBRUARY 2003

 

NEWSLETTER ARCHIVES

 

THE PERFECT FINANCIAL STORM

Investment Guru Jim Puplava has coined the term "The Perfect Financial Storm" to describe the confluence of the rising deficits and consumer debt worldwide, falling US Dollar, falling stock markets and the growing geopolitical crisis.

Gold prices have taken off since our last issue-- breaking $380 during the first week of February.  Since then it has corrected, finding support in the $350-$360 range.  Since gold has demonstrated that it has clearly entered a secular bull market, NOW is the time to aggressively buy the dips. 

What is really happening here is that the US Dollar is being devalued by the Federal Reserve's continued creation of new M3 "money supply." While the correction may last as long as a few weeks, the fundamentals driving the price of gold higher are only getting stronger.  The massive U.S. budget deficit combined with the Fed's plan to "inflate their way out of inflation" will guarantee that the US Dollar will continue to fall.  The situation in Iraq and the developing nuclear crises in North Korea and Iran will continue to limit the downside of any potential gold correction. 

The sub $300 gold prices that we have seen for the past three years won't be coming back any time soon.  It might even be reasonable to speculate that the next few weeks could be the last chance to buy gold under $400 per ounce.


METALOR BARS NOW IN STOCK
Please note this product has been discontinued as of 07/03

Goldfinger Coin & Bullion presents Certified 999.9 One Troy Ounce Gold Investment Bars made by Metalor, North America's largest COMEX refinery. Metalor is one of the oldest and most renowned manufacturers of products for the international gold market.
 
Swiss Precision, Made in America
 
The brand new One Troy Ounce gold bars are packaged in the manufacturer's vacuum-sealed, protective plastic cover with an assay certificate & individual serial number.
 
Prices start at $12.50 over spot for single bars, but fall to $8 over spot for orders of 20 to 100 Troy Ounces.  Substantial wholesale discounts are available for orders over 300 Troy Ounces.
 
Shipping is FREE on orders over 20 Troy Ounces. 

For more information about the Metalor One Troy Ounce Gold Investment Bar, please call the sales desk at Goldfinger Coin & Bullion, Inc. at 805-482-4425 Email: sales@goldfingercoin.com  See our Online Catalogue at www.goldfingercoin.com

2003 SILVER AMERICAN EAGLES

The new 2003 Silver American Eagles are now shipping.  Don't miss your opportunity to get this year's coins in new condition!  Silver is in short supply but the prices are still relatively low.

These are the only bullion coins whose content, purity and weight are backed by the US government. Silver Eagles are dated, and come in tubes of twenty if ordered by the roll.

For more information about the 2003 Silver American Eagles, please call the Goldfinger Coin & Bullion trading desk at 805-482-4425.
 

ARCHIVES

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