Zum Inhalt springen


Best Finance Network
Get the best connectivity about finance.


January 1, 2013

The 2013 Forecast for Gold

Although various gold price predictions have been given these past few months, it will never be completely accurate. However, London-based consultancy and research company, Gold Fields Mineral Services (GFMS) Ltd., Chairman Philip Klapwijk said that the market is predicted to rise to new highs by early 2013 after struggling this year.

I believe buying Gold at BullionVault is the best option for those who are thinking of starting the New Year with a good investment. Endorsed by the World Gold Council, Bullion Vault provides private investors worldwide access to the professional bullion markets. You can take advantage of their low cost buying, selling, and storing gold and silver bullion services. Today, it is the largest online investment gold service in the world with 41,500 users and holding $2.2 billon private investments. It’s also very quick and easy to transact with them. You can sell your gold or silver any time, without paying any penalty, or withdraw your bars and expect your money to be wired to you the next business day. Too easy, right?

So far, analysts have a diverse prediction when it comes to the price of gold by 2013. This mirrors the uncertainties in the global markets. An interesting fact about gold is that it often performs well in scenarios of deflation (for example driven by global debt reductions), but also in scenarios with higher than usual inflation rates.

“We are expecting still that we are going to see a push above $2,000 in 2013, but it may be that 2013 marks the high water mark for the market,” Klapwijk said.

Just to give a little flashback, the year 2011 is the tenth consecutive year in which the price of gold has increased. Over the entire 2011, the price of gold has increased by over 12 per cent in spite of the two dips in September and mid-November and December. The price of gold has further increased late November of this year—amid high volatility – to roughly $1,713 i.e. by more than 12 per cent from the beginning of 2012.

Gold therefore tends to perform positively in times of economic uncertainties as well as in acute crises. Unfortunately, the global financial problems are not yet sorted out. Some credible commentators expect several more years of uncertainty, which could end only when we are approaching the next decade. Thus, in the foreseeable future a moderate allocation to gold will remain imperative for many investors and could result in a positive trend of the gold price come 2013 and beyond.

Tags: , , , , ,