These days, several factors have combined to make financial experts believe that 2018 may be gold’s finest year yet. First of all, the United States dollar has not been so strong these days.
Historically, a weak dollar tends to lead to higher gold prices, so industry insiders have highlighted this crucial news. Furthermore, geopolitical issues have led to a feeling of instability, which is yet another determining factor that has elevated gold’s standing in the world.
With a dwindling amount of gold mining happening—and an extraordinarily high demand for gold to use in electronics in countries such as China and India—it would seem that demand is quickly outstripping supply in many parts of the world. Many people believe that there is more gold in discarded electronic products around the world than there is in the remaining gold mines. Read more: US Money Reserve | Facebook and US Money Reserve | LinkedIn
What we do know for certain, however, is that people like John Rothans have been promoting the future of gold. As the Chief Numismatist at the U.S. Money Reserve, Rothans knows something about precious metals.
However, it is not just Rothans who is under the impression that gold is bound to move upward this year. People from Goldman Sachs and a number of other venerable institutions have been indicating that prices could rise to $1,400 an ounce this year. Learn more about US Money Reserve: https://www.huffingtonpost.com/author/angiekoch-usmoneyreserve-894 and http://spectrumlocalnews.com/tx/austin/news/2017/11/16/us-money-reserve-gives-to-harvey-relief.html
In a world where much of the political climate seems terribly uncertain, gold is something reliable that people can fall back on. And it’s not just Americans who have adopted this way of thinking. Russian citizens have increasingly called out for easier access to gold purchases, and it’s not difficult to see why.
When the currency of your country could be in doubt, gold is a universal standard that will prevail across borders. It’s not shocking that so many people across the world, hailing from a multitude of nations, have expressed interest in accessing and holding onto gold.
The year 2017 was a good indicator for gold’s future. With prices continuing to hold steady amid turmoil, it became obvious that the experts were correct; the future of gold is glittering. Those who take advantage of these fortuitous market conditions will most likely be rewarded.
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