With the global economy in upheaval, investors are frantically searching for a safe place to store their money. Although a diversified portfolio is always critical, more and more investors are banking on the security of one of the most-proven safe havens in times of economic distress: gold. This increased demand is having a significant impact on the price of the precious metal.
This video reports on HSBC’s prediction that gold will reach $1900 an ounce by the end of the year. Economic uncertainty in Spain and Italy has some economists speculating that the eurozone will collapse. Concerns over the global economic impact of a weak euro and its effects on US exports to Europe is expected to cause gold prices to skyrocket.
For help making smart decisions when buying gold, trust Capital Gold Group. Call us at (800) 510-9594 to learn more.
Disclaimer: The representatives at Capital Gold Group are not financial advisors and the information provided in this blog should not be considered financial advice. The past performance of gold investments is not indicative of potential future gains.