In uncertain political times, people tend to turn to precious metals. And, if the experts are to be believed, it would appear that the year 2018 is no exception. Often referred to as “America’s Gold Authority,” the group called U.S. Money Reserve has invested a lot of time and energy into exploring and predicting the future potential of gold and silver in this modern market.
In fact, their Chief Numismatist John Rothans has a lot to say about what the coming days and months may hold.
In order to properly understand what the forecast may be, we need to take a look at where gold is right now. Over the year 2017, this precious metal managed to outperform many of its precious metal peers, remaining relatively steady during what was a tumultuous year, politically speaking.
According to many of the world’s experts in the topic, including people who represent TD Securities, Goldman Sachs and more, highs hovering around $1,400 an ounce are to be expected.
However, not all of the analysts are on the same page as to when these highs will occur. Understandably, there are always unforeseen circumstances that can creep in and create havoc or inflate prices. But with so many experts feeling bullish on gold, the sunny outlook should not be overlooked. Learn more about US Money Reserve: http://www.manta.com/c/mml8pv9/u-s-money-reserve-in and https://www.ispot.tv/brands/Iyt/us-money-reserve
With the Chinese and Indian economies showing a substantial amount of progress, it would seem that there will be high demand for gold this year. After all, gold is often used in fine jewelry and electronic components that are usually bought by those who are making a good income.
According to many experts, gold mining rates are not cropping up at a clip that will keep up with this demand, meaning that prices are bound to rise. With the United States dollar (USD) in a precarious position, there is yet another factor in place to support the rise of gold prices. Typically, when the dollar falls, the price of gold tends to skyrocket.
Another crucial issue is the availability of gold, which has been opening up to more people than ever. Countries are slowly starting to realize that many of their citizens would prefer to invest in a precious metal that boasts a formidable track record, as opposed to a currency that may or may not fail.
With so many factors portending the rise of this popular metal, the future looks golden indeed.