October 30, 2008
Goldline President and CEO Featured on CNBC – Discusses Strong Demand for Gold Coins
Goldline International, Inc. today announced that President and CEO Mark Albarian was featured on CNBC's October 29, 2008 "The Economy Now" to discuss investor demand for physical gold coins. Mr. Albarian was interviewed by CNBC's Jane Wells who reported that sales of physical gold are hitting record levels as people seek safety in precious metals.
During the interview, Mr. Albarian explained why he didn't believe there was a physical top to gold given the limited inventories and strong demand for safety and quality offered by physical gold during tumultuous times. "I'm not worried about it because gold was $1,030 per ounce and right now we have gold around $765. Gold has come down 30%. Usually when you see gold at the top you've reached a new high. And so for gold to reach a new high, you'll have to see it above $1,030 again. When you go back to 1980, gold was about 850, that's about $2,200 in current dollars in terms of purchasing power. So I don't think gold is near a top."
Mr. Albarian told CNBC that Goldline plans to expand its current sales staff to approximately 200 traders in January from its current trading staff of around 100 traders. As one of the industry leaders, Goldline believes the current market will continue to be active and support this expansion.
To view this interview, please visit http://www.cnbc.com/id/15840232?video=909873380. For more information or to arrange an interview with Mr. Albarian, please call 1-800-827-4653.
About Goldline International, Inc.
Goldline International, Inc. has assisted investors and collectors by offering a full range of precious metals products since 1960. The company offers internationally recognized gold, silver and platinum coins and bars as well as rare and collectible numismatic coins and currency. You can visit them at www.goldline.com.