It has been reported that gold producers around the globe are ramping up gold production as economists are expecting a bull run for gold between now and Q1 of 2013. According to Jeffery Nichols of American Precious Metals Advisers, once the Fed takes reflationary monetary actions in the near future, it is possible that gold may jump somewhere between $3,000 and $4,000. Other experts are expected a definite rise, but more in the $2,000 plus neighborhood.
This suggests that now may be the perfect time to buy gold, as gold prices are currently floundering. Gold investors are waiting for signals from the Fed and possible US credit rating downgrades that many experts foresee in the near future. While there is no promise as to whether the price of gold will drop further in the next few months, there are few experts that don’t see gold jumping to new heights in the future.
Gold producers around the world are betting on gold rising to new heights, which has resulted in the increased development of gold bullion and gold bars.
If you are looking to buy gold as result of such news, it is recommended that you follow the news each and every day. Also, if you are holding gold in the form of gold bullion or bars, gold jewelry, or gold watches, you can do one of two things. First, if you feel as though gold will take a dive before rising to new heights, you have a short window of opportunity to sell gold. You can then buy gold again when it dips. Secondly, you can hold on for the long-term and wait for gold prices to skyrocket in the coming months and years.
There are many reputable gold brokers looking to buy gold at market rate. The secret to finding a trustworthy broker that will provide cash for gold is to do your research. Check out their online customer ratings and even consult the Better Business Bureau.
Stay tuned for more news on the dollar, as we are committed to provide regular updates as the price of gold shifts in the coming days and months!