GoldSilver.org Releases 2014 Gold and Silver Price Projections
Dallas, TX (PRWEB) November 27, 2013 -- GoldSilver.org has sparked controversy in the past through its polarizing promotions and open letters to those it believe work to "misinform" the public, and the company and informational web site is now bucking the trend by stating that gold and silver prices will most likely be higher next year than they have been in 2013. GoldSilver.org chief price analyst James P. Temple said today that any gold and silver price fluctuations in 2014 will most likely be based on two factors.
"Interest rates have historically been important in terms of gold and silver price fluctuation," said Temple. "Lower rates mean companies can borrow money for nothing, which helps stocks and is supposed to boost job creation and consumer spending. Higher interest rates traditionally mean scaled back stock prices, devalued bonds and higher commodity prices. We saw this happen in the 1930s and in the 1970s...the cycle is repeating itself."
Temple says that while interest rates have been kept low with the hopes of creating new jobs and boosting the economy, the majority of new jobs have been part-time or minimum-wage positions and that is why consumers are still hesitant to spend. His report also says that derivatives could play a big role in dictating gold and silver prices in 2014, as heavy derivatives selling has far outweighed a level of physical demand that the World Gold Council says is 26% higher this year than last. If demand can keep up with supply, says Temple, expect higher interest rates to coincide almost perfectly with higher gold and silver prices. Temple and his team believe that gold could reach $1495 next year, while their target for silver is $24.75 per ounce.
GoldSilver.org is a North American market leader for gold and silver investments for home delivery or within retirement accounts. They buy and sell all sorts of investment-grade gold, silver and platinum. For more information or a free gold and silver investment guide, visit http://www.goldsilver.org or call 1-800-394-3337 today.
James R., CertifiedGoldExchange.com, http://www.certifiedgoldexchange.com/, +1 (800) 300-0715, [email protected]
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