U.S. Money Reserve Explains Gold And Silver For 2018

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One ounce of gold is worth roughly $1,300, whereas one ounce of silver is currently about $16.60. Both are used in various products, including computers, through the primary reason people are crazy, crazy, crazy about gold and silver is that they’re used in all kinds of jewelry, spread all over the globe.

Obviously, the price of gold and silver – all precious metals, for that matter – change on a regular basis, even if it’s only a dollar at a time for gold, and ten cents at a time for silver.

So, what do the forecasts for silver and gold, respectively, look like for 2018? U.S. Money Reserve recently penned an article that contains just about everything one needs to know about where each is headed. Learn more about US Money Reserve: http://spectrumlocalnews.com/tx/austin/news/2017/11/16/us-money-reserve-gives-to-harvey-relief.html

The Breakdown On Silver

HSBC thinks an ounce of silver will sell for just short of $18.00 by the end of 2018, whereas CIBC World Markets and Sharps Pixley largely agree. Goldman Sachs has one of the lowest professional estimates for the price of silver by the end of the year, staking a prediction of just $17.20 per ounce.

Either way, investors and other silver purchasers can expect the precious metal to hold true to its price throughout 2018, “if not steadily increase throughout the year,” says U.S. Money Reserve’s John Rothans. Read more: US Money Reserve | Twitter and US Money Reserve | Facebook

The supply of silver and how it’s likely to change in coming months isn’t clear. However, news of new silver deposits, no matter what country they’re in, should make the price of silver either hold or drop slightly.

And Here’s What’s Going On With Gold

When the U.S. Dollar is weak, gold is strong. When gold can be bought all throughout the world, it’s relatively strong. More money to spend due to globally higher incomes means gold is strong. According to U.S. Money Reserve, 2018 looks good for gold.

Goldman Sachs thinks, by December, gold will hit $1,375 per ounce; ABN AMRO says $1,400; and PRICE Futures Group makes one of the boldest predictions, foreseeing a $1,500 ounce.

About U.S. Money Reserve

U.S. Money Reserve has long been a top provider of precious metals, both United States official coins and blank bullion, around the United States. It is led by a former Director of the United States Mint, Mr. Philip N. Diehl.

Austin, Texas, is home to the headquarters of U.S. Reserve. The company has served over 400,000 happy clients throughout the years.

Category: Money

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