These sales were in fact the strongest for 14 years and analyst are suggesting that this trend will continue well into the New Year. Experts have revealed that investors are attempting to protect their wealth by profiting from possible financial chaos in the near future, especially in the United States.
In other analysis, it is also thought that the price of gold will far exceed the $2,000 per ounce mark in 2013. This is being attributed to the fact that even if the US avoids this financial calamity, the nation is still suffering from a $16trillion national debt. The situation has not been helped by the Federal Reserve’s policies such as the much maligned quantitative easing.
Gold bullion is enduring and interesting time of late, with some industry figures predicting that prices could go as high as $2,300 per ounce in the next twelve months. A president of a major firm has even gone as far as to state that he can see this hitting £5,000 eventually, if current trends continue.