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State of the Precious Metal Markets in 2013
Timing is everything when it comes to buying and selling precious metals in the marketplace. Many investors in the U.S. have been on high alert regarding the fiscal cliff, possible Social Security collapses, and the housing bubble. Investors are looking to investment vehicles like gold and silver to safeguard their financial future.
There are many pitfalls you have to be careful of when buying or selling precious metals like gold, silver, palladium, platinum, and others, as it can be a risky business. You can educate yourself and learn about dealing in precious metals in a variety of ways. If you intend to do so, it would be best for you to consult a precious metals investment expert as the market is volatile and does change dramatically at times, depending on current and national events and circumstances.
Will the Price of Gold, Silver go Up or Down?
When it comes to precious metals, they still are retaining their value more so than paper currencies or other investments like stocks and bonds. Some analysts believe that the government is manipulating the costs of gold and silver, keeping prices down, so the U.S. dollar doesn’t decline even more potentially inciting civil rioting. In addition, from 1961 to 1968 the US government did attempt to subdue the cost of gold until then President Nixon ended up devaluating the US dollar in 1971. This was called the London Gold Pool. However, this is less possible today because they own less gold then they did now and so it would be harder to do, especially since many government banks are actually bankrupt now and have very little monetary power.
Read More: http://www.stockgoldmarket.com/state-of-the-precious-metal-markets-in-2013
