The U.S. Reserve is one of the largest distributors of government issued coins in the United States. For over 15 years, the U.S. Money Reserve has helped their clients acquire the best metals for their portfolios.
Recently, The Chief Numismatist at The U.S. Reserve John Rothans analyzed several price forecasts to help inform investors about the immediate future of the precious metals market. Here is a look at Rothans’s analysis.
Silver Trends To Keep An Eye On
Over the past year, silver prices have been inconsistent. Moving forward, silver prices are expected to rise throughout the year.
Most analysts are split on whether or not there will be a surplus of silver or a deficit. Pay attention to the silver deposits, as that would indicate that there will be a surplus of silver in the future.
The demand for silver coins and jewelry is expected to increase. Silver has proven to be a more versatile and affordable alternative compared to gold. Many industries are relying on silver, which should lead to the price of silver eventually rising. Read more: US Money Reserve | LinkedIn and US Money Reserve | Twitter
The Gold Market
Gold prices were stable over the last year. The price of gold avoided some of the common economic problems in other parts of the World. However, you must be aware that the price of gold may start to fluctuate at a moment’s notice.
Gold Trends To Keep An Eye On
As global incomes increase, there will be a higher demand for gold. Two countries where significant growth is expected are China and India. There are also multiple countries throughout Europe where the demand for gold has started to increase.
American currency is considered by many analysts to be at a low point. As the American dollar loses strength, the price of gold will rise. Conflict in different parts of the World could also affect the price of gold. Learn more about US Money Reserve: https://www.usmoneyreserve.com/why-buy-gold/ and http://www.manta.com/c/mml8pv9/u-s-money-reserve-in
The current rate of gold production should remain consistent, though there has been increasing evidence that extraction may start to decline. There will also be a lack of gold mines being developed in the future, which could lead to the price of gold increasing.
Gold has become easier to purchase over the last few years. Many financial institutions have started to accept gold as a precious commodity. India has established a new initiative to help make it easier to purchase gold.