* ECB cuts main interest rate by 25 bps to 0.5 percent * Asian physical buying slows after recent surge -dealers * Gold ETFs holdings lowest since September 2009 * Coming up: U.S. April nonfarm payrolls ...
New York (April 24, 2013)—In recent days, gold has been on a roller-coaster. It hit a low of $1,321 an ounce in mid-April – a drop of nearly 11 percent since its April high and 25 percent lower than its historic high in August 2011 – then rebounded to stabilize at around $1,400. When the price drops, however, it can also signal a great opportunity to buy.
The sell-off in silver saw the price drop about 16 percent in April, and it currently down year-to-date 24.65%. Silver sits over 60% percent lower than its recent high of $48.70 in April 2011.
Regardless, silver seems to taken an over-reacted beating and underpriced taking one of the largest beatings since the 1980’s, and it has plenty of room to go much higher. This represents a great time to buy.
Everything has value, so come in and bring your stamps, coins, scrap gold or silver to see what we can offer you. Ideal Stamp and Coin established 1957 is your trusted source for stamps and coins. We are one of the strongest buyers of all stamps, coins and paper currency. We buy everything!
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