When do you think gold will hit?
Question:
Do you invest in precious metals?
If so why?
Answer:
Probably by the end of the year.
And yes, I invest in precious metals.
Why? Because precious metals are historically a hedge against inflation. Inflation has been really high as of late, and will continue to be a problem in the near future. Also, as the dollar weakens against other currencies, the price of precious metals go up. With the rising national debt and trade balance, the dollar is likely to continue weakening against other currencies over the next few years, which means precious metals will go up. There are a few other reasons, but these are the main ones in a nutshell.
hmm give it 4 years.
Gold should hit over $800 by the end of this year according to the experts. I personally invest in silver coins and silver bars. I like silver because it is inexpensive to own and easy to acquire. It is also a private and liquid. Silver is expected to hit $15/oz by the end of this year and $30/oz by the end of next year.
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