In this geopolitical climate, it can sometimes be difficult to determine what can be a good investment—and what’s a disastrous idea. With talk of cryptocurrency swirling around constantly, as well as a failing U.S. dollar, gold seems like a good investment to more and more people these days. Of course, for those who watch the price of gold, a low U.S. dollar usually portends good gold prices. After all, there’s a reason why people refer to the “gold standard”!
During times of stress, people have turned to gold. However, it’s not just a strange political world that has led many analysts to predict a higher gold price this year; it’s a growing need and a dwindling supply. As we all know, the amount of gold available around the world is finite. Learn more about US Money Reserve: http://www.manta.com/c/mml8pv9/u-s-money-reserve-in and http://spectrumlocalnews.com/tx/austin/news/2017/11/16/us-money-reserve-gives-to-harvey-relief.html
However, the massive use of electronics is spurring overwhelming demand. In countries like China and India, residents are enjoying a new financial freedom, allowing them to purchase items such as gold jewelry and fancy electronics that require gold components. Read more: US Money Reserve | Facebook and US Money Reserve | Crunchbase
Additionally, in some countries like Russia, citizens have spoken out about their desire to invest some of their personal assets into the precious metals market as well. With regulations loosening up, an unprecedented number of people across the world now have access to gold if they so desire.
Considering all of the factors in play, it’s not shocking that many high-profile analysts have indicated that they believe gold will go up this year. With experts from all over the financial hemisphere chiming in to make their opinions known, it would appear that seeing gold top $1,400 per ounce this year should be expected.
Those who follow the U.S. Reserve will also be pleased to see that the Chief Numismatist John Rothans has been reviewing all of the available information, generating reports on the prospects for gold and silver.
With 2017 gold prices remaining solid amid swirling global influences, Rothans remains bullish on the precious metal’s prospects in 2018 as well. With so many fortuitous factors in line, gold’s future success seems to be one forecast upon which everyone can agree.