Gold’s rapid drop, however, combined with the uncertainty of the dollar’s future, could make back-to-school shopping a lot easier for investors who buy gold today.
United States (PRWEB) July 02, 2013
Prices for gold bars and coins have fallen in recent weeks, but at least one U.S. gold dealer believes that investors may see lower prices before summer’s end. Cynthia Bridwell, spokesperson for the Certified Gold Exchange, said at a press conference in New York on Monday that her company’s research team found evidence that the price of gold could sink before it rises again.
“The summer months are slow for the gold market, historically speaking,” Bridwell said. “Our research team has found that while the long-term fundamentals for a higher gold price, such as increased government debt and a weaker dollar, are exceedingly strong, gold prices could fall in the near-term based on what has happened historically during the summer months,” Bridwell added.
Indeed, the third quarter does tend to be the worst quarter, statistically, for gold prices. Other analysts, however, have warned that investors should not turn a blind eye to gold simply because school is out.
“Many investments have poor track records during June, July and August,” said Certified Gold Exchange chief analyst Todd Stein. “Gold’s rapid drop, however, combined with the uncertainty of the dollar’s future, could make back-to-school shopping a lot easier for investors who buy gold today.”
Certified Gold Exchange, Inc. is North America’s premier precious metals trading platform, providing unparalleled service to licensed dealers, institutions, and household investors. Throughout nearly two decades of trading precious metals with the public, Certified Gold Exchange has maintained an A+ Better Business Bureau rating. For more information or a free “Gold Investor’s Guide,” visit http://www.certifiedgoldexchange.com or call 1-800-300-0715 today.