Though a debt resolution is finally in place, many financial analysts fear the United States will still have its credit downgraded. Additionally, a growing number of central banks -- most recently, Korea and Greece -- are switching to gold, which often boosts metals prices.
“The overall health of the economy is often reflected in the price of gold,” said Chadwick Hopkins, president of C.D Hopkins Metals Division, a national precious metal trading and investment firm.
With debt a recent issue both in Europe and in the United States, Hopkins said he expects gold to excel in the long-term, jumping to $1,850 this year. Government bonds and bullion, along with the Swiss franc, are all expected to thrive.
The new law raising the United States’ borrowing limit has not ameliorated concerns that the nation will have its Triple-A rating cut in half.
“Investors want to prepare for the impending economic crisis – which will still likely include a credit downgrading,”
For the first time in nearly two years, U.S. consumer spending dropped in June, adding to worries that the economy is worsening.
“Precious metals do well in this kind of economic environment,”
When they open accounts with C.D Hopkins Metals Division, investors will receive a full range of advice and support related to their precious metal purchases. To learn more, investors should visit http://www.cdhopkinsmetals.com/
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About C.D Hopkins Metals Division
C.D Hopkins Metals Division is a leading precious metals dealer and financing institution located in Los Angeles, Calif., specializing in gold, silver, platinum and palladium. With a C.D Hopkins Metals Division account, you can purchase precious metals for immediate personal delivery or arrange for convenient storage at an independent bank or depository. C.D Hopkins offers options for financing and selling your precious metals and expert account representatives to fulfill your investing needs. To find out how to open an account, visit http://www.cdhopkinsmetals.com/