People all over the world invest money to grow their assets and to protect against the diminishing power of inflation, whereby a dollar can buy less and less as the years march onwards.
Investments are viewed as valuable because other like-minded people think they’re valuable. The same goes for T-bone steaks; if nobody on planet Earth enjoyed eating T-bone steaks, they’d be worth $0.00. Read more: US Money Reserve | LinkedIn and US Money Reserve | Crunchbase
However, T-bone steaks are pricey because they’re so tasty.
In that same line of thinking, people value investments like bonds and precious metals because other people are willing to pay so much for them.
Bonds, stocks, and other investments can all lose their value if the market crashes. However, one thing that will never lose its value is gold – and other precious metals, too.
But what causes the price of gold to go up and down? Are there reasons behind the current high price of gold at $1,340 per ounce, or is the price chosen at random? U.S. Reserve, arguably the most popular precious metal distributor in the United States, knows all too well.
Tons of things factor in the price of gold – too many to cover in anything shorter than a full-fledged novel or textbook – though what’s important to know is that there are a few primary reasons why gold has held its value in recent years and will continue to climb.
Experts in financial markets like PRICE Futures Group sees gold potentially rising to $1,500 per ounce by year-end. And here’s why.
The United States Dollar is considerably weak right now, and will likely not get stronger. Gold supply is also slated to rock bottom and continue a descent.
Both of these mean that gold is likely to stay expensive, which is good for holders of gold and its potential investors. Global tensions in countries like North Korea and Syria will certainly cause gold to skyrocket in price if further wars break out.
But what about silver? Financial services professionals see that it would reach $19.10 per ounce at year-end – Sharps Pixley of London – whereas Goldman Sachs sees a guaranteed average of $17.20 per ounce by January 2019. Learn more about US Money Reserve: http://www.builtinaustin.com/company/us-money-reserve and http://www.manta.com/c/mml8pv9/u-s-money-reserve-in
Experts around the globe, including those at U.S. Money Reserve, can’t come to a consensus on whether silver will continue to be mined at current rates or begin becoming more scarce.
However, paying attention to the news in a few months to see silver supplies will give you plenty of insight into the future price. Lastly, silver coins and jewelry are growing in popularity, making the metal’s price higher.