Precious Metal Exchange
Posted by Adam King on December 11, 2009
December 11, 2009 –Some experts have recently speculated that bullion and rare coin prices may have peaked for the current cycle. Other economic forecasters believe that the recent positive economic signs are anomalies, similar to a rubber ball dropped onto the cement. The ball bounces, but with less height and force each time, until it jumps to life no more. These economists have called for gold and silver prices to rise for the next three to five years in response to what they call the dollar’s “inevitable demise and collapse.” If you are looking for a precious metal exchange to facilitate your gold, silver, and platinum investing, it is imperative to first understand that precious metals and other “safe-haven” assets are not risk-free, and anything could certainly happen in the precious metal market.
There are three basic schools of thought on how our economy will fare over the next few years. Some believe that our dollar may become devalued once our government starts to raise interest rates, and the resulting inflation could boost gold prices. Or, our government may find a way to cut spending and pay down our national debt, in which case the dollar would strengthen and gold values would fall. The last and most frightening option is that our government’s toxic mixture of bad debt, printing presses that are firing on all cylinders, and disapproval by the international community could cause the demise of the dollar and possibly our entire economy.
If you believe that our economy will climb out of this hole promptly, then a precious metal exchange may not be an entity that you need to contact. If you foresee inflation in the near future, you may want to consider a bullion-type investment for short-term profit. If you believe that our nation is headed toward a long-term recessionary cycle, and you want to empower yourself financially in this case, then think about a certified gold coin investment. A reputable precious metals broker will be answer any other questions you have about today’s gold market.
Stewart Lawson
Senior Staff Writer – Certified Gold Exchange
Categories:
US Gold Market