What can you expect to see in 1 year as far as gold prices are concerned? Will the value still be the same, or will this precious metal see a drastic increase or decrease instead? The spot price today is $1,712 an ounce, and most of the forecasts for next year show an increase in cost by a considerable amount. According to a number of the largest traders and most financial institutions the price of this ore is expected to rise by around $100 within the next 12 months.
This sector has always had some volatility, and the cost on the market tends to fluctuate on a regular basis. Small adjustments are not a cause for concern, but some of the predictions offered include more than just a few dollars. According to Goldman Sachs this vehicle is expected to reach a high of $1,825 within a 1 year period. This forecast is based on specific factors that could change, and if this occurs then the estimated movements may not appear.
The economic and gold value links are well known in the investment world, and the economic conditions right now are also given as a reason to expect cost increases with many 2013 predictions. The accuracy of any guess is determined by the range of information that is available and the events that are considered. Some of these analysis results can be very accurate while others often fall short in some way.
When you start your research use the Internet and find as many forecasts as you can. Next compare the information provided in each to see how well it reflects what others are saying. Look at the basis for the predictions and evaluate whether they are based on sound logic and reasoning or wishful thinking and a lack of research. You can not properly evaluate any vehicle unless you understand the market conditions and all of the possible influences.
If you own gold or you are interested in buying this type of bullion then you should be informed, so that you can meet your investment goals without large losses. Knowing what the current forecasts show can help you evaluate whether or not this is the right vehicle for you, and for your specific objectives and strategies. It is important to remember that these are basically just educated guesses based on the current factors and conditions though, and they are not always accurate or even close in some situations. In certain cases experts may predict a rise in value while the cost actually drops, and the reverse is also true.