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December 18, 2015, was a quadruple witching day on Wall Street, and when it was all said and done, a lot of investors were looking at losses. NASDAQ reports that out of the 2.3 billion shares that were traded on the New York Stock Exchange, sixty-four percent of them experienced a stock market dip. In fact, at the end of the day, all of the major indexes were in negative territory.Perhaps the most notable stock market dip can be seen in the Dow Jones Industrial Average (DJI), which dropped nearly 370 points, bringing it to its lowest level since October. Clearly, this is not good news for investors. With the continuing drop in oil prices, and the resulting decline in shares for energy and financial companies, it is safe to say that a lot of portfolios are seeing a dramatic decrease in dollar amounts.
In an effort to balance out the ebbs and flows of their investment portfolios, many people are planning on investing in gold in 2016—and it seems like the timing couldn’t be better. As the Wall Street Journal points out, the price of gold is very low right now. As the value of the dollar rises, the price of gold bullion has a history of going down. With the recent increase of interest rates by the Federal Reserve, the dollar value received a big boost, and gold bullion prices dropped.
On December 18, 2015, the Comex division of the New York Mercantile Exchange reported the current gold price was $1,068.30 per troy ounce. This is excellent news for people who are considering investing in gold in 2016. With these low prices, there is no better time for a long-term investment in gold bullion, as the prices will only go up over time.
When investing in gold in 2016, PM Coins & Bullion, a leading online gold bullion dealer, recommends their one ounce gold bars by Elemetal. Elemetal, previously Ohio Precious Metals (OPM) and North Texas Refinery (NTR), provide quality products with the accreditation of good delivery on both the Comex and London exchanges. According to PM Coins & Bullion SVP Anthony Luccaro, Jr., "The one troy ounce OPM Gold Bar is a premier choice for people investing in gold in 2016 because it consists of a .9999 purity rate and is considered one of the most cost effective gold bullion bars on the market today. The NTR Gold Bar is also available in the same size and purity, and is a well-known, trusted brand for investors to rely on. If the branding is OPM, NTR or Elemetal, the purity, quality and accreditation remains consistent at a fantastic price point."
PM Coins & Bullion has been providing high-quality precious metal products since 1988. They are known for their impeccable customer service and their ability to provide their clients with the gold, silver, platinum, and palladium that they seek for their portfolios. If you are considering investing in gold in 2016, you can contact them at http://www.pmsibullion.com or by calling (860) 945-3500.
ABOUT US:
PMSI has been providing high-quality precious metal products since 1988. They are known for their impeccable customer service and their ability to provide their clients with the gold, silver, platinum, and palladium that they seek for their portfolios.
Contact Info:
Name: Anthony Luccaro, Jr.
Email: Send Email
Organization: PM Coins & Bullion
Phone: (860) 945-3500
Website: http://www.pmsibullion.com/
Release ID: 103783
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