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Los Angeles, California—The preponderance of commodity investment specialists have predicted a significant increase in the spot market gold price during the rest of 2010 and 2011. One of the largest Wall Street firms, Goldman Sachs has forecast that gold will reach $1,350 per ounce in 2010 and as much as $1,425 per ounce the following year. Other industry projections have varied from $950 to $1,400 per ounce.
The factors used in making these projections have included 2010 interest rates near zero; global stimulus packages devaluating currency; possible rising inflation and double-dipped recession.
According to Joe Montes, president of Cash For Gold, “Of course nobody can predict commodity prices with complete accuracy. There are just too many variables that can enter the market and change conditions. Nevertheless, we think these predictions are about as accurate as they can be and they are good news for sellers who will need fast cash as our economy continues to suffer from foreclosures and unemployment. It is fortunate indeed that precious metals have stayed at record high prices while so many people are cash-strapped.”
Montes added, “From our point of view, this is a wonderful business opportunity for both our company and our affiliates. All things considered, it looks like a real cash cow situation for sellers. We’re ready and we expect the steady increase in our customer base to continue between now and the end of 2011.”
Cash for Gold Co buys any type of gold, platinum and silver through its Internet website http://www.cashforgoldco.com/
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