Precious metals have been used for thousands of years as currency, a representation of status, and as investment tools.
Even during the worst historical times, gold and silver have stayed in a league all their own. Because the economy is always changing however, the value of precious metals can fluctuate. So, what’s in-store for precious metals in 2018?
In 2017, the price of gold steadily increased at an even rate, while many other precious metals’ values were more volatile. Aside from a small blip during a geopolitical crisis, the price of gold both withstood and excelled throughout the year.
Experts expect gold to do well this year as well, as predictions indicate that gold has the potential to reach an impressive $1,400-per-ounce. This price-point would be largest price in 5 years, but no expert seems to agree on when the peak will occur. The experts also predict that gold prices have a very-low probability of falling below $1,200-per-ounce. Learn more about US Money Reserve: http://spectrumlocalnews.com/tx/austin/news/2017/11/16/us-money-reserve-gives-to-harvey-relief.html and http://www.bizjournals.com/prnewswire/press_releases/2016/07/11/DA44330
Silver had a different trend in 2017; characterized by high prices followed by steep crashes. The expectation for 2018 however, is much more promising. Silver is expected to experience a steady rise, with estimations of $15-$19-per-ounce.
Of course, these predictions are not foolproof. There are many factors and trends to consider when thinking about the value of precious metals. When income increases globally, so does the demand of precious metals.
When there is more general income, people are more likely to buy jewelry or other products that contain precious metals.
There is evidence however, that mining and extraction may slow down, decreasing supply and increasing the price of gold and silver. Other factors that will influence the price of precious metals include the U.S. dollar, heightened global tensions, and new legislation that improves ease-of-access. Read more: US Money Reserve | LinkedIn and US Money Reserve | Twitter
Only the most reputable precious-metals-servicers should be considered when considering gold or silver.
The U.S. Money Reserve has been a leader in the precious metal industry for more than 10 years, with close to ½-million satisfied clients so far. Knowledgeable and professional, the U.S. Money Reserve is led by ex-Director of the U.S. Mint.
The U.S. Reserve is authorized by Congress to provide clients with official, legal tender precious metals made of the highest-quality metals.
They even provide their clients with a BuyBack Guarantee that ensures each client is completely happy with their precious metals investment. With experienced professionals behind the U.S. Money Reserve, it’s easy to see why they’ve quickly become an industry leader.