“Gold is starting 2019 with increasing price support and growing demand. I believe gold will reach its next major resistance level of $1,300 very soon, and after a short period of time should break above,” stated Barry Stuppler of Woodland Hills, California, President of the Accredited Precious Metals Dealers (APMD), a division of the Professional Numismatists Guild (PNG).
“The gold fundamentals have never looked better. Interest rates, such the U.S. 10-Year Treasury Note, which is under to 2.7%, and the U.S. dollar are dropping. Demand is increasing from hedge funds, ETFs and central banks. While the global equity markets remain a question mark, we are seeing increasing gold demand from stock investors moving to a proven safe haven from the volatility they are seeing,” explained Stuppler.
“As global equity markets continue to move lower, gold buying in Asia, the Middle East, and Europe is increasing as the price moves above $1,285 per ounce. January has an excellent history of showing higher gold prices, and last year gold hit its highest price in January,” he pointed out.
All nationwide members of the Temecula, California-based Professional Numismatists Guild Accredited Precious Metals Dealer (PNG-APMD) program undergo a background check, must adhere to a strict code of ethics in the buying and selling of numismatic items and guarantee the authenticity of the numismatic merchandise they sell.
A directory of PNG-APMD members can be found at www.apmddealers.org/apmd-dealers.
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About the Accredited Precious Metals Dealers (APMD) Program
Launched in 2015 by the Professional Numismatists Guild (PNG), the Accredited Precious Metals Dealers (APMD) program was developed to provide an even higher level of confidence for precious metals buyers by maintaining the same rigid standards of excellence for PNG precious metals dealers–and more. All APMD members must first be PNG members. APMD members must also follow an additional code of ethical business practices specifically applied to the buying and selling of bullion coins and ingots. The APMD is also charged with helping the public learn about bullion coins and ingots and, more importantly, helping consumers avoid problems when they make purchases or sell.
About Profesional Numismatists Guild (PNG)
The Professional Numismatists Guild (PNG) is a nonprofit organization composed of many of the country’s top rare coin and paper money experts who undergo a background check, must adhere to a strict code of ethics in the buying and selling of numismatic items and who guarantee the authenticity of the numismatic merchandise they sell.