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NIA predicts precious metals prices will rise

May 20, 2009 by  

NIA predicts precious metals prices will riseDespite the recent stock market rally and a better-than-expected job market report, the National Inflation Association (NIA) has continued to warn of the dangers of impending inflation.

New Fed estimates suggest the nation’s industrial production fell in April by the smallest amount in six months. This, combined with the fact that April jobs cuts were the fewest since October and the stock market rallied by 33 percent in recent weeks, has prompted some commentators to talk about a cautious economic recovery.

Not so, says NIA. It believes the improving labor market situation is due to the addition of non-productive government jobs, many of them temporary, and the stocks’ rally has been fueled by inflation.

As a result, it encourages Americans to get rid of the dollar and switch to precious metals as the safest way to store and protect wealth.

"In our opinion, the current bubble in the U.S. treasury market is bigger than the dot-com and real estate bubbles at their peaks combined," the organization said in a statement.

"When the U.S. dollar starts to crash, we believe the boom in precious metals will be bigger than the dot-com and real estate booms combined," it added.

Meanwhile, quoting official statistics, Bloomberg has reported consumer prices were unchanged in April as both food and energy costs declined to offset gains elsewhere.

In addition to that, over the past year average prices fell by the largest amount in more than a half-century.

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  • carolinindy

    I have some money to invest in gold.
    Where is a good place to start to buy some gold.??
    whom do I trust ??

    • Cathy

      Call Dianne Mondello at Monex Precious Metals. Too late today because their office closed early, will be back on Tuesday.

      1-800-949-4653, ext. 2118 is her direct line. Tell her that Cathy Sutter referred you. OK…they do give us a silver coin for referrals.

      My friend originally referred me to them. Been happy with their service thus far.

  • Edward

    Question: I will appreciate if some body can advise me regarding the difference between buying gold from a broker like Monex Precious Metals and buying jewels made of gold from a trust provider.
    Thanks in advance

  • Michael Steinberg

    The premium charged is so far above bullion value the chances of making anything on the common bullion coins is remote. They are plugged as numismatic rarities, and works of art and history. Poppycock!!!!

  • 13th Gen. American

    Back in the 80′s I met a couple from South Africa who traveled the world on the profit they made from Gold. They watched our market. I wish I had the money to buy it back then. I would be doing the same thing today. But I got mine from Blanchard and the guy Rick was so patient to answer all my questions I was to lazy to read about. I dont get anything for it but I like the guy. Then there is Glenn Becks guy and Rush’s guy and…anyway Id get it soon before it tops a thou.

  • nick

    i’ve owned gold since the Mid 90′s and iv’e used blanchard among others. Remember this folks those reps are in business to push coins of certain types and to make a profit alot like car dealers……….
    Buyer beware on both ends of the transaction shop around. Owning gold balances your portfolio holdings but isn’t the one and only investment and the cyles are dramatic and fastmoving so. Be carweful………

  • Bill

    Many years ago oh! about 1978 I was intro’d to “precious metals”, I believe Gold was in the 300′s and silver about the same as lead, Lol?
    A ole tour guide in Carlson City Nevada said; go home and buy some of this stuff you’ll never regret it, and that ole guide was right. Thrity one years later and I can still see his smile :o), well not exactly like this one here!!, but you know what I mean…

    If your taking this in for the very first time I’ll tell you what, there is No better time than now to buy precious metals than right now. With the Feds printing US Dollars faster than Parker Brother’s, you can’t afford not to. All those hard earned IRA’s back in the 70′s & 80′s, that took you or your parents all those years to save?, will be worthless in 18 months. Common let’s have some sense here?, “do the math”?… Bad economy + Bad banks + Bad choices by both Government and Banks = TROUBLE for all of us.

    Please don’t be so short sighted, why do you think your seeing every Tom Dick and Henry trying to buy your old jewelry?. “listen up”!!, 2000 years ago 1ounce of gold would buy a Roman a nice suit, sandles, and some jewelry to go out on the town, “Today” @ $920 an ounce would let you purchase a nice suit, boots, and a watch to go out on the town, what does this tell you?. “Don’t be Lulled to Sleep”!!, do you need a brick to drop out of the sky??. I may be able to help!!, email at we have available nearby XXXX Tons just kicking around, we maybe able to set ya up, you think??.

    Be Prepared …… !!

  • Verne Faulkner

    I have some gold coins, I paid market price, I have tried to sell but cant get a fair price. What good is gold if you buy high and sell at discount? Gold is not a secure invesrtment it is tied to the stockmarket, in 1993 I bought gold coins, the gold price dropped to 1/2 its price ,it took 10 years to get back to the 1993 price. Is that a good investment? I would like to sell my coins, but where?

  • Bill Bearden

    Look at the gold price chart at: It shows the price for 1 oz. at $350 — $400 in 1993, and $250 — $300 as the bottom around 2001. But look at it now. If you just waited until the price got back to where you bought it, OK — your complaint is justified. But if you had kept it until now, your $400 would be over $900.

    I’d love to see one of these charts corrected for inflation, but so far I haven’t. The claim is that corrected for inflation, the price now would have to go to something like $2200/oz to equal the high in 1980. I’m betting on it.

    I have an un-cancelled postage stamp that cost 200 billion reichmarks. It’s from the German inflation in the early 20′s. I sure hope we don’t get inflation like that here, but I think within a very few years we will see inflation far worse than anything ever seen in this country. The trade deficit and the huge amount of paper being printed now seem certain to cause high inflation here.

    So don’t sell your coins yet. I believe that if you are patient a few more years, they will be worth more dollars than you ever imagined.

    • Ray

      Are rare numismatic coins better than bullion!!!

  • eric

    peter schiff’s new book gives several references to international gold dealers


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