![]() "The breakout zone for gold which will start to get really exciting for me is about the US$2,089 level," he said. While Vermeulen also thinks gold could retreat to around US$1,800, he also sees a path to greater heights. And silver will just - it'll come running." If we stay above US$1,800 say between now and the end of June, then I really think that gold will run fast. “Once that's done, I think then as long as gold holds U$1,800 … we should get to US$2,300 this year. "In the short term, I think gold's going to go down somewhere between US$1,800 and US$1,850 (per ounce), and that'll be that final capitulation selling,” he said. Looking at where the gold price may be headed in 2023, Don Durrett of gave his thoughts in a May interview. If it goes up we'll jump on board, we'll ride the trend higher. You'd better be prepared to stand aside or benefit from this potential collapse," Chris Vermeulen, chief market strategist at, said in a May interview. Everything's falling apart - we're not even in a recession and banks are blowing up. "The news and everything to me is super bearish. The recent spate of bank failures is also fueling economic uncertainty that may further strengthen the case for gold. Is 2023 a good year for gold investing? Looking at both the US and the world as a whole, many experts see a recession materializing by the third quarter of the year. If you believe that more tumultuous times are in store, you may want to consider owning gold bullion as a hedge against these troubles. Considered a safe-haven investment, the precious metal tends to receive increased attention from investors in times of turmoil. The gold price is most heavily affected by global economic and political changes. Indeed, many believe that it’s superior to any and all paper currencies. Gold is a key material for jewelry, and is also used as a store of wealth by investors around the world. The best-known of the precious metals, gold is considered by many to be an excellent asset to add to an investment portfolio. Available palladium coins include the Canadian Maple Leaf and the Chinese Panda.Is gold the best precious metal to invest in for 2023? A traditional way of investing in palladium is buying bullion coins and bars made of palladium. ![]() This is important for the precious metal investor. Demand for palladium comes not only for its industrial uses, but also its growing use in jewelry around the world. ![]() Palladium uses include: automotive catalytic converters, in the jewelry industry it is alloyed with gold to produce “white gold”, in dentistry, medical devices, surgical instruments and electrical contacts in electronics. Palladium has the lowest density and melting point of the platinum-group metals (iridium, osmium, palladium, platinum, rhodium, and ruthenium). Palladium has a number of industrial uses, resists tarnishing in air and, if annealed, it is soft and ductile. Palladium is an element belonging to the platinum group of metals, palladium is steel-white in color, except in powder form, when it appears black. ![]() Precious Metals Investing in Palladium Palladium as an investment is much like other precious metals. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |