We’ve been seeing a number of articles lately that indicate that the trading price of gold is either increasing or about to move up. One recent article was “Gold futures halt losing streak to finish higher” on MarketWatch. Another was “4 Signs Gold Prices Will Rise in Long Term” on ThinkAdvisor.
In “Cheer up gold bugs: HSBC predicts a year-end recovery,” on CNBC Money, Ansuya Harjani reports that HSBC believes that gold prices could recover to levels greater than $1,200 per ounce by the end of 2015. She writes that the bank is basing that optimism on a number of factors, including these:
- Gold prices are tied to interest rates. When the Federal Reserve raises interest rates, which is likely, that could trigger increases in gold prices. “History suggests that the U.S. dollar tends to weaken after the Fed raises rates,” Harjani notes, “which bodes well for gold, which is inversely correlated to the greenback.”
- Investors will finally wake up and take advantage of low prices. According to Harjani, HSBC believes that it is only a matter of time until low prices trigger greater demand for gold. And when that happens, prices are likely to tick up.
What You Can Do Today to Position Yourself for Future Increases in Gold Prices
We are in the business of recycling gold from a number of sources. We work with gold scrap, electrical devices, old jewelry and even ore and sand. What is our best advice about what you should do today if you have recyclable gold-bearing materials – perhaps materials that you have been holding until gold prices increase?
You have two options. One is to continue doing just what you are doing, by holding onto your recyclables until prices rise. The second option is to let us create a Gold Pool Account for you.
How Does a Gold Pool Account Work?
You let us test and/or recycle the gold from your gold-bearing materials now. We issue you a full report on how much gold your materials contain. Then we hold your gold and sell it when the price reaches a point that you specify. A Specialty Metals Gold Pool Account is good option if you want to move quickly to sell your gold holdings when prices increase.
Want to learn more? Call us at 800-426-2344 and we will be happy to work with you to plan the wisest strategies to recycle and profit from your gold.