The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook page.

2019 Market Outlook for Gold

January 30, 2019 15:14
2019 Market Outlook for Gold

Gold is a valued commodity around the globe. Its price may fluctuate, but it's never arbitrary – many types of current events and economic trends factor into whether the price of gold increases or decreases. It’s probably safe to say that these variables were plentiful throughout 2018, so it’s no surprise that it was certainly an interesting year for gold prices.
In an annual report from the World Gold Council (WGC), the organization analyzed the economic trends and market factors that influenced the price gold, what investors and speculators can expect from the market in 2019, and the “why” behind it all. You can read the full report by visiting the WGC’s website, but some of the key findings, takeaways, and predictions we found to be interesting are:

  • Gold prices started strong in 2018, but were negatively affected from about April to October as the USD got stronger and the Federal Reserve increased interest rates while other countries remained accommodative. Due to large sell-offs of company stocks and political uncertainty stemming from the US midterm elections, gold prices managed to rally in the fourth quarter.
  • Central banks continue to buy gold to diversify their foreign reserves and hedge against fiat currency risk. This is particularly true of central banks in emerging markets, which tend to have high allocations of US treasuries. Central bank demand for gold in 2018 alone was the highest since 2015, as a greater variety of countries added gold to their foreign reserves.
  • Factors to watch in 2019  include expensive valuations and higher market volatility, political and economic instability in Europe, potential higher inflation from protectionist policies, and the increased likelihood of a global recession.

Do you think the WGC’s predictions for 2019 are accurate? Don’t forget, you can keep track of the latest gold pricing trends (and calculate the estimated value of any scrap or bullion you're holding) on your phone with the MGS smartphone app!

Three Advantages of Buying Gold Online

September 4, 2018 07:00
Three Advantages of Buying Gold Online

In today’s digital age, you can pretty much buy anything online. Case in point, a DJ once put a leftover half-eaten piece of Justin’s Timberlake’s French toast on eBay, which sold for $1,025.

When it comes to buying gold online though, you might be a little more skeptical. And rightfully so, especially when you read stories about counterfeit gold bullion being sold through auction websites.

If you buy directly from a reputable dealer or refinery, however, there can be major benefits to buying gold online. Here are three of them.

  1. It’s quick and easy. Nearly eight in 10 Americans are online shoppers, according to the Pew Research Center. It comes as no surprise: Today’s shoppers want convenience — and what’s more convenient than shopping in your pajamas from your couch? In terms of bullion, buying it in person means rearranging your schedule around the times that the dealer is available, as well as trekking there in person. 

  2. It’s priced to sell. Buying in bulk often allows dealers and refineries to get the best pricing for bullion, which might then pass on to you. Manhattan Gold & Silver (MGS) actually sells its own branded 999.9 fine bars, which are sealed, certified and labeled with serial numbers. This gives you the peace of mind that you’re not only getting a fair deal, but also an authentic product.

  3. You don’t have to worry about storage. Most houses aren’t built with a strong room, which is designed to protect valuable items against fire and theft. As a result, when you buy a bullion bar or coin, you also have to find a place to store it. Buying gold online often comes with the option to either ship the items directly to your house or have them safely stored on your behalf. If you select the latter option, just make sure to ask the company how your assets are being safeguarded from theft.

Did you know that you could purchase gold, silver, platinum, or palladium bullion bars and coins directly from our site? You can choose to have them shipped directly to your house or stored at one of our secure locations. The precious metal assets stored at our facilities are reconciled daily and audited annually. So you can rest assured that your assets are in good hands.

Jeffrey Gundlach Endorses Gold

August 28, 2017 07:00
Jeffrey Gundlach Endorses Gold

After forecasting a drop in US stocks this summer, Jeffrey Gundlach, the widely followed investor (known on Wall Street as the "Bond King") and CEO of DoubleLine Capital, publically advised traders and speculators to raise cash as soon as possible. Along with this bearish sentiment, he had some great things to say about gold, tweeting:

While US stocks have climbed to record highs, volatility has remained historically low, which has raised concerns over an impending market correction. Following his own advice, Gundlach made headlines by purchasing put options (a type of hedging investment against stocks) on the S&P 500.    

Gold is a stable asset, so when other investment types (like stocks) start flagging, investors will try to hedge against losses by buying more gold. Gundlach also told reporters that he still has exposure to gold – and predicted gold prices would rise because "gold looks cheap compared to markets that have rallied a lot, including bitcoin and including Amazon.”

Gold touched a 6-week high on Thursday, 7/27 after the Fed kept interest rates unchanged on Wednesday, 7/26.

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