With factors such as the current US economy and the dollar trends, investors watch precious metals with a keen eye. The price of silver, like gold, goes up when the dollar declines.
Uncertainty around gasoline and grocery prices are forcing US consumers to spend less money on products that aren’t absolutely necessary. However, the growing economies of China and India are taking over where the US is lacking in the precious metals market.
The Federal Reserve is contemplating lowering interest rates to combat the problems the real estate market is having. While this is helping homeowners, it makes investing in US markets less appealing to foreign investors.
Some analysts believe the current decline in the price of silver is the lowest it will go. While the recent shortage is making some investors nervous, it is though that most likely silver prices will jump back up, and fairly soon.
Stop by the shop. I look forward to speaking to you more about precious metal trends.
And, as always, no one pays more for diamonds, precious metals, and coins then I do.
Until next time