Although gold prices have fallen 16 percent since reaching a record $1,900 an ounce in September, financial analysts across the globe predict that prices will skyrocket in the year ahead.
“Conventional wisdom in the financial sector says that gold prices will rise, perhaps to new records, particularly in the latter half of 2012,” said Ed Martin, CEO of Hunter Wise Commodities, a leading physical commodity wholesale dealer in Las Vegas.
Precious metal gold vacillated frequently in 2011—hitting some extreme highs and lows. Prices started the year at $1,412 an ounce, hit a low right out of the gate at $1,314, and then rallied to an intraday high of $1,923 an ounce.
September alone experienced a significant amount of activity, with gold prices soaring to its record above $1,900 an ounce early in the month, dipping below $1,600 late in the month, rebounding strongly, and then falling below $1,600 in December. That's a 16 percent decline in three months, although the lustrous metal is still up for the year and sits at about $1,600 an ounce as of Dec. 22.
Recent concerns over the euro debt crisis have caused investors to switch gears and snap up dollars, causing the dollar price of gold to decrease.
“With the euro debt crisis still unresolved and the U.S. economy still weak, there are several factors that will continue to affect gold in 2012. Investing in gold traditionally offers a pillar of strength against market volatility and as a store of value,” said Martin.
According to some sources, because of its inherent fortitude, gold is expected to hit $2,000 an ounce in the second half of 2012.
With such a positive outlook expected for gold in 2012, Hunter Wise Commodities recommends that investors consider becoming independent dealers with its wholesale precious metal firm.
Hunter Wise conducts business under a unique model providing its independent dealers with several revenue-sharing and profit centers – as well as the chance to short the market.
For more information about the benefits of investing in gold, visit http://www.hwcom.com/
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About Hunter Wise Commodities
Hunter Wise Commodities, LLC is an affiliate of Hunter Wise Financial Group, LLC. The wholesale dealer specializes in the purchase and sale of precious metals such as gold, silver, platinum, palladium and copper. The company’s corporate headquarters are in Las Vegas, Nev., with additional offices in Irvine, Calif., and London, England. For more information about the company, visit http://www.hwcom.com/