SPDR GLD Trust: All The Reasons For Optimism In The Price Of GLD As Revealed By Fund Managers

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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