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September 2011 News Round-up

Friday, September 9, 2011

What's Hot This Month? August was a record-breaking month for the Gold Price and demand for our gold bullion bars and coins exceeded expectations! – Once again, 2011 Gold Sovereigns top the sales chart. The August 2011 top ten sales chart in full:

  1. 2011 Gold Sovereign
  2. 1oz Silver Bar
  3. 100g Silver Bar
  4. 2.5g Gold Bar
  5. 1oz Gold Bar
  6. 1oz Silver Maple Leaf
  7. 1oz Gold Maple Leaf
  8. QEII Gold Sovereign Coin
  9. Krugerrand
  10. Gold Half Sovereign 

QE Gold Price Boost? Further speculation surrounds a possible third round of quantitative easing by the US Federal Reserve in the coming months should the US economy continue to delivery poor numbers, such as the recent disappointing jobs data showing the US economy produced no new jobs in August.

How does QE affect the price of gold? As more cash is pumped into the economy, currency is devalued, as the US$ weakens, the gold price gains. During the last period of US quantitative easing which ran for almost seven months from November 2010 the gold price increased by almost 10%.

Seasonal Gold Prices - Autumn leaves fall, temperatures drop and gold prices... rise! Gold prices traditionally slow during the summer months, between 2002 and 2010, the gold price increased on average only 0.3% during June, July and August – but increased on average 19.7% during the other nine months!

The summer of 2011 has seen extraordinary gold price performance, the underlying tradition of seasonal statistics indicate that the next nine months will see continued growth.