Gold Prices Expected to Rise in 2013, Dillon Gage's Roy Friedman Predic...

http://ww w.coinw eek.com/bullion-report/gold-prices-expected-to-rise-in...

HOME ABOUT ADVERTISING TERMS OF USE CONTRIBUTE NEWSLETTER CONTACT

ANCIENTS

AUCTIONS

BULLION

PAPER MONEY

DEALERS

GUIDES

MODERNS

OPINION

PRICES

SHOWS

US COINS

VIDEO

WORLD COINS

Gold Prices Expected to Rise in 2013, Dillon Gages Roy Friedman Predicts
By Dillon Gage Metals on December 19, 2012 2:21 PM

Targets of $2,000 an ounce and even higher are in sight

Gold prices have advanced every y ear in the last decade and are poised for their eleventh straight year of gains in 2012, ac cording to Dillon Gage Metals Exec utive Vice President Roy Friedman. Next year, gold prices could reac h $2,000 an ounc e for the first time ever, he predicted. As I look forward to 20 13 and beyond, I see signs that gold and the en tire prec ious metals c omplex will remain key components in po rtfolios of small and large investors alike. Rising volume and open interest on the futures exchanges , ETF markets a nd over the counter phy sical market continu e to in dicate that investment dema nd for precious metals has never been greater.

... Article Too ls ...

FACEBOOK T WIT T ER YOU T UBE PRINT PRINT PDF SIGN-UP RSS FEED

ARTICLES BY CATEGORY
S elect C ategory

PRECIOUS METALS SITES

In data released by the U.S. Mint, sales of gold and silver Eagle c oins swelled in the past five years, versus the five-ye ar period before that, he noted. In addition demand for phy sical gold in da ta compiled by the International Monetary Fund shows that ce ntral banks aro und the globe have been net buyers of gold since 20 10. The global financial cris is and geopolitic al concerns will continue to foster short and long-term demand for pre cious metals. Thorny economic issues in the European Union, particularly in Greece and Spain, will be with us for the foreseeable future, Mr. Friedman said. He continued, Add to that the weak U.S. economy and our fis cal cliff, with governme nt leaders and political parties failing to agree on muc h of anything, and its poss ible that the next fo ur years will look ve ry muc h like the last four. Histo rically low interest rates he re and abroad are likely to pe rsist, keeping the U.S. dollar weak and providing support for precious metals prices . No one wants to see tensions between nations arise Mr. Friedman s tated. But real threats exist and escalating Middle Eas t or Ko rean hostilities c ould send precious metals prices much higher. Precious metals a nd gold in particular have always been considered and used as a hedge against inflation, but precious metals pric es hav e risen over the past 10 ye ars during a period of subdued inflation whic h sho ws golds dual role as a hedge in times of bo th inflation a nd deflation. As we have seen in the U.S and throughout the E.U. economies as gauge d by Gross Dome stic Product (GDP) do not grow every year and markets do not ris e without s etbacks here and there Mr. Friedman said. Economie s and markets clearly go through cycles. The c urrent environment will e ventua lly shift to one of economic expansion, higher intere st rates and inflation, he predicted. W hen that happens, prec ious metals will of course provide a hedge against inflation and will play a significant ro le in portfolio alloca tions.

1 of 3

1/2/2013 11:00 PM

Gold Prices Expected to Rise in 2013, Dillon Gage's Roy Friedman Predic...

http://ww w.coinw eek.com/bullion-report/gold-prices-expected-to-rise-in...

He added, In 2 013, I expect precious metals , and gold in particular, to follow the recent trend of chalking up double-digit gains ove r the previous year. W hile the market will remain volatile and sell-offs at times will cre ate anxiety, I expect gold to break above $2,000 in 2013. In fact, a spike to $2,200 would not surpris e me. Dillon Gage Me tals offers bullion and rare coin trading, online trading of physical metal, jewelry liquidation, refining service s and estate liquidations . For more information on Dillon Gage Metals, please visit www.dillongage.c om/metals or phone 800-3 75-4653. Follow Dillon Gage on Twitter @DillonGage and on Facebook http://www.faceboo k.com /dillongage, Dillon Gage Metals Blog: http://dillongageblog.com/ and Dillon Gage Metals Smartphone App: https://itunes.apple.c om/us/app/dillon-gage -metals/id5864 86914.

About Dillon Gage Metals

Dillon Gage Inc. (DillonGage.com) was founded in 1976, and its companies include: Dillon Gage Metals, one of the largest precious metals dealers in the U.S. (DillonGage.com/Metals) 8 0 0 . 3 7 5 .4 6 5 3 FizTrade Online Trading offers real-time trading for bid and a sk markets for gold, silver platinum and palladium. (FizTrade.com) 800.375.46 53
Like Sign Up to see what your friends like.

1. Gold Prices Tend to Ris e after a U.S. Pre sidential Ele ction 2. Platinum Prices Should Rebound This Year, Dillon Gage Says 3. Watch Europe and the Do llar for Golds Next Direction, Dillon Gage President Says 4. Dillon Gage Donates Jean-Paul Gaultier Gold Bar to AIDS Fight 5. Gold Can Build On Its 2011 Gains Next Year, Dillon Gage Metals Says 6. Dillon Gage Metals President to Tes tify Before Congressional Committee on Bullion Coins 7. Dillon Gage Names Exe c. VP-Business De velopment 8. Dillon Gage to Open Larger Precious Meta ls Refinery in Dallas Tags: Dillon Gage, Gold Prices, Precious Metals, Roy Friedman
Advertise on CoinWeek

Share this article

NO COMMENTS
Be the first one to leave a comment.

POST A COMMENT
Name (required) E-Mail (required) Website

SUB MIT

LLC. Copyrigh t 2013 All righ ts reserved. No portion of this site may be reproduced or copied with out Written Permission PO Box 916909 Longwood, Florida 32791-6909 | Office Hrs M-S 7:00AM-7:00PM | Toll Free: 800-579-5 228 | Email:news@coinweek.com

2 of 3

1/2/2013 11:00 PM

Gold Prices Expected to Rise in 2013, Dillon Gage's Roy Friedman Predic...

http://ww w.coinw eek.com/bullion-report/gold-prices-expected-to-rise-in...

DISCLAIMER: All content with in CoinWeek.com is presented for informational purposes only, with no guarantee of accuracy. All News, Articles, Commentary and Opinions are contributed by the author(s), with or without compensation , who are solely responsible for the content, and do not represent CoinWeek Management. Coin Week does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made.

3 of 3

1/2/2013 11:00 PM