(PRWEB UK) 4 January 2013
According to the Daily Mail’s This Is Money, gold could reach highs of as much as $2500 an ounce by the end of 2013.
Commentators, brokers and industry participants are predicting the precious metal to climb even higher this year, topping $2000 or even higher.
Over the last twelve months, gold gained around 6% to the value of around $1,674 an ounce thanks to rounds of quantitative easing in countries such as America and Japan. It also benefited as a safe haven against the eurozone and demand from central banks as well as supply issues from South African mines.
Central banks are increasing their gold reserves, especially in emerging market countries, due to concerns over paper currencies. Gold could also benefit from the growth of physically-backed exchange traded funds, which track gold prices.
A spokesperson from Physical Gold said:
“A number of factors could help gold make record gains this year. Gold investment is continually growing and holds many benefits for an investor’s portfolio to help savers make the most of their assets. It is definitely worth looking into how gold investment could benefit your savings, our gold experts can advise you on what kind of gold to invest in depending on your situation.”
Physical Gold Ltd is a leading UK gold dealer, helping investors diversify their portfolios with innovative investment solutions. Renowned for their ground breaking products such as the Sipp gold and Gold Accumulation Account, the firm specialise in providing customers with tailored assistance in sourcing the best gold for their personal requirements. Based in London, the team are BNTA accredited and have an unrivalled knowledge of the gold market as well as an exceptional understanding of the general financial markets.