Dateline March 31,2015: Gold prices will bottom out in 2015, according to a recent Reuters article by Jan Harvey. Several factors will conspire to cause the two-year-long slide in precious metals to bottom out, including:
- Better prospects for gold sales in Asia, which will increase demand.
- The beginning of the Federal Reserve’s rate-rising cycle later this year, which will remove market uncertainty.
- The potential for a “malign environment” in international relations going forward.
- A slight decline in gold mine production globally, which will reduce supply.
For more information, read the full article here.
Why Should You Care?
Why should you care? The end of a bearish downturn is the best time to buy gold and other precious metals. The prices are relatively low, and if the forecast is right, any purchases you make will increase in value. This may be an excellent time to begin or add to your bullion reserves. Please consider using out preferred broker, Golden Eagle Coins, for your purchases.
Return to Homepage