Many investors
have been partially startled by the volatility in the prices of GLD and SLV in 2013. However, this is
always expected, especially after a US Presidential Election and the current
low valuations for the gold miners.
One of the
solid reasons for optimism quoted by all the five fund managers is the
appealing performance of precious metals a few months after general elections.
The fund managers also say that the devaluation of the US dollar as a result of
purchase of assets by the Federal Reserve and failure of the Congress to agree
on an expenditure cut will boost the Price of GLD.
For the
better part of this year, the asset fund managers tend to favor investment in
the GLD stocks over
bullions. This is attributed to the huge discounts offered despite the rising
inflation. This means that the GLDQuote will hit more than $1,700 an ounce.
Gold ETFs
have always predicted that gold will hit more than $2,000 per ounce. However, this
year it will likely hit $2,000 but not sustain the price to 2014.
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information about the GLDQuote!
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information about the SLVQuote!
![Live 24 hours gold chart [Kitco Inc.]](http://www.kitco.com/images/live/gold.gif)