The conference surveyed participants asking for their predictions regarding precious metals’ performance this year.
C.D Hopkins Metals Division, a leading precious metal retailer, noted that survey respondents indicate a particularly bullish outlook for gold bullion this year.
“The conference members strongly predicted a 12th consecutive year of rising gold prices, with gold up about 20 percent,” said Chadwick Hopkins, president and CEO of C.D. Hopkins Metals Division. “This is what the precious metal experts at C.D. Hopkins Metals Division have consistently predicted for months. There is a sea change occurring among investors as they move away from paper-based currencies. Buying gold bullion now is one of the smartest investment moves you can make.”
The common prediction is that gold bullion will rise to at least $1,897 an ounce in New York by Dec. 31, according to Bloomberg News. This is compared with $1,566.80 per ounce at that time last year.
In 2011, the price of gold gained a notable 10 percent. If the trend continues, 2012 would be a record year for the precious metal. Some investors, including the C.D. Hopkins Metals Division commodity dealers, believe that gold bullion could reach $2,000 per ounce.
Investors are hoarding record amounts of precious metals, and central banks have been expanding gold reserves for the first time in a generation. For three straight years, central banks have been net buyers.
Other factors influencing gold’s recent success? There is increased gold demand from a variety of sectors, influenced strongly by eurozone debt, stunted economic growth in China, and low interest rates in the United States and United Kingdom.
Additionally, the U.S. Federal Reserve has achieved record-low borrowing costs (near zero percent). To achieve new growth, the Reserve also recently conducted two rounds of asset purchases – known as quantitative easing – to work as an inflation hedge against the struggling dollar.
Experiencing the positive precious metals sea change is a reality when you open an account with C.D Hopkins Metals Division. When you join forces with the leading precious metals retailer, you will have access to buy gold, silver, platinum and palladium for immediate personal delivery.
With C.D. Hopkins Metals Division, you can also store precious metals at an independent bank or depository. Find out more about opening an account with C.D Hopkins at 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/