The Direction of Gold and Silver Prices for the Next Three Months

Published here: http://goldsilverworlds.com/price/the-direction-of-gold-and-silver-prices-for-the-next-three-months/

As they say, timing is everything. This applies in almost everything especially in investing. Although the prices of precious metals are likely to remain stable, analyzing it for a longer time table is very important before taking further action. This year has been claimed as the golden year for precious metals. The increasing incomes will likely pull up the demand of precious metals too. As the law of supply and demand states, the limited supply and high demand of precious metals will likely push the prices of precious metals higher.

 

Gold Price for the Next Three Months

June – For the month of June, the predicted price of gold at the beginning is $1,266/oz with $1,301/oz as the highest price and $1,177/oz as the lowest price. When calculated, the average price is $1,246 dollars per ounce.

 

July – For July 2018, the expected price of gold at the beginning of the month is $1,239/oz. The average price is $1,226/oz since the highest price is $1,282/oz and the lowest possible price is $1,160/oz. The price of gold at the end of the month could hit up to $1,221/oz.

 

August – $1,221/oz is the estimated beginning price of gold for the month of August while $1,215/oz is the predicted price at the end of the month. The price of gold for the month is averaging at $1,217/oz with $1,276/oz as the highest price and $1,154/oz as the lowest price.  Prices get harder to estimate the further out you project, so the actual values could be very different than shown.  Unforeseen events, storms, political turmoil, etc. can impact the prices greatly.

 

The above data shows a decrease in the price of gold, nonetheless it is expected that it will change any time soon as the demand for it keeps on growing as months go by and the value that it holds never fades no matter how long the time is.

 

On the other hand, the price of silver will likely maintain its value and an increase is expected due to the demand of silver in different industries. It is predicted that the lowest price for silver could be $16/oz and the highest is $21.30/oz. This is due to the limited supply of silver, but the demand is amazingly high leading its price to likely increase within the next three months. Silver remains as an attractive and versatile option for people who cannot afford the prices of buying gold.

Like any other asset, the prices of gold and silver can sharply change from time to time, yet their importance will never go out of the way. Their importance will never change no matter what the price is in as much as their uses will never be wasted no matter what the form is.

Read More

How a few companies are bitcoining it

Published here: https://www.economist.com/news/business/21742775-bitmain-chinese-bitcoin-miner-and-designer-chips-made-4bn-last-year-taiwans-tsmc-has?fsrc=rss

IN A recent video Jeremy Sciarappa, a YouTuber, flips the lid off a red box in his living room to reveal a silver machine the size of a shoebox, whining noisily. The contraption is an Antminer S9, sold by Bitmain, a Chinese firm. Its job is to help validate transactions conducted in bitcoin, the world’s best-known crypto-currency. Because bitcoin has no central authority, it relies on its users to keep things humming along. Those who help out are granted bitcoins, in a process called mining. The Antminer s9 is beloved of hobbyist miners worldwide. Nestled inside are 189 application-specific integrated-circuit (ASIC) chips, designed by Bitmain to solve bitcoin’s cryptographic puzzles as quickly as possible. They were made by TSMC, a giant Taiwanese semiconductor firm.

Mr Sciarappa and his fellow enthusiasts are a 21st-century version of the “49ers”, the young men who rushed to California in 1849 to try their luck digging and panning for gold. Few hit it rich, but the businesses that helped them...Continue reading

Read More

What Happens to the Price of Gold if Trump is Impeached?

Published here: http://goldsilverworlds.com/gold-silver-insights/what-happens-to-the-price-of-gold-if-trump-is-impeached/

The impeachment of Trump has been a revolving issue for quit a long time. What does impeachment mean? Impeachment is the process of getting rid of a president outside of election time. It is a long and difficult process at that – first, the House of Representatives has to vote by a majority to impeach a president and; second, it goes to the senate where two-thirds vote is required to actually remove the president. So, what happens to markets if the US President gets impeached?

In the history or America, two presidents have notably gotten themselves into trouble, Clinton and Nixon. These lead to the resignation of Nixon and the impeachment of Clinton. Clinton’s presidency was far from a clean slate and had gone through numerous scandals. Clinton was impeached on the December of 1998 for lying about his affair with Monica Lewinsky yet, in the end, he was able to keep his job. During that time, the price of gold remained stable despite the turmoil going around. The stock market suffered from jitters, but it lasted only for a short time.

On the other hand, Nixon was not impeached as what almost everybody assumed. He left the presidency of his own will just when the impeachment started. Then again, his impeachment did not cause the stock market to crash. A more significant event than Nixon’s resignation was his decision to close the gold window, making the U.S. dollar a fiat currency with no direct link to precious metals such as gold.

Basing from the two historical data, the impeachment of a president does not necessarily affect the market. Thus, if Trump will be impeached, the price of gold has little or no volatility at all, far from the misconception that the price of gold will fall right along with the market. In fact, the price of gold can soar high, which happens often, when to stock market crashes. It can be noted the gold’s biggest bull market happened while the stock market in flat. This is because the catalyst for higher gold is unrelated to the stock market.

Considering gold as the safe haven for traders when the stock market is on the rocks, gold can be then a good investment for potential gains if the impeachment of Trump happens, even though the impeachment does not spell bad news at all in the stock market. If the impeachment happens, then gold prices are more likely to retrace their gains which is the result of the increase of demands of the investors for relative shelter from market volatility.

In any case, the precious metals especially gold have the strongest recovery of any asset class. As history generally shows, a change in the presidency affiliation benefits the price of gold as gold performs well in times of uncertainty.

The post What Happens to the Price of Gold if Trump is Impeached? appeared first on Gold Silver Worlds.

Read More

Gold Investment Against Volatile Markets

Published here: http://goldsilverworlds.com/physical-market/gold-investment-against-volatile-markets/

As glittering as it was way back in 800 B.C., gold has owned the throne for its value and rich history among cultures all throughout the world. It has maintained and even increased its value throughout the ages that people tend to pass it on from generation to generation in order to preserve their wealth. Can gold be then as precious as it seems to be a ‘safe haven’ when it comes to a volatile market?

Market volatility can come in different shapes and sized and is and will always be a part and parcel of investing. Traditionally speaking, gold has been a refuge for investors seeking shelter from a volatile stock market. Today, the push and pull between a strong market outlook and concerns that inflation could stage a comeback has made gold as a good hedge against inflation as the growing interest of investors and other people to gold continue to skyrocket.

When the market becomes volatile, owning precious metals can reduce the potential portfolio losses. Why? First, it is a strategic holding that diversifies your portfolio – your go-to safe-haven when geopolitical risk is blazing. Second, gold is negatively correlated with the rest of the market which means that even when the stock and bond prices fall off the edge, gold prices can be unchanged, or even go higher. Lastly, the purchasing power of gold is relatively stable because of its limited supply being circulated. Central banks can make more money and companies may issue new stock, but gold cannot be created in just a snap of a finger.

The fear that this year will mark the big top in equities has even more attracted investors to use gold as a defence against the threat of further losses. Market volatility is more likely to continue in the markets which gives way to the comeback of gold as a genuine insurance policy in a shaky market. The volatility is an indicator on how odd an asset gold is, with its numerous advantages – lightweight, ultra-portable, and it doesn’t spoil or tarnish.

Generally speaking, gold is not considered as an investment since it does not generate income but it is some kind of different entity that people run to when they are scared of other assets because its price tends to rise when the cost of living increases. Thus, gold can be deemed as the crisis commodity as it has retained its value not only in financial uncertainty but in political uncertainty as well.

The demand of gold, especially in investors keeps on increasing as many are beginning to see gold as an investment class in which funds should be allocated, although the price of gold can be volatile for a short term, but it has always maintained its value over a long term. Gold has served as a hedge against the volatile market, making gold worthy to be considered as an investment.

The post Gold Investment Against Volatile Markets appeared first on Gold Silver Worlds.

Read More