Many analysts believe the precious metals outlook for the second quarter of 2013 is great, and they cite the increasing price point of gold, silver, platinum and palladium as one of the main indicators. All four of these precious metals have enjoyed gains over the past five-year period, and they are projected to increase their upward trend into the middle part of the year. Additionally, financial planners are advising their clients to keep an eye on inflation and interest rates. Changes in these factors can create volatility and a corresponding uptick in the value of precious metals.
One of the reasons for such a positive market position and optimism about the precious metals outlook is that inflation rates are projected to increase throughout the year. This tends to devalue existing currency by driving its relative buying power to a lower point vis-à-vis goods and services. In turn, tangible commodities, such as precious metals, that retain their wealth due to their inherent worth tend to hold their value much better. Analysts predict that gold, silver, platinum and palladium will retain their value over this next inflationary period, and they suggest that the precious metals will increase in value dramatically. This makes it the correct time to invest in precious metals right now.
Interest rates also have an interesting interplay with the tangible commodities market. Once interests rates rise, typically spurred by the Federal Reserve, it makes it more expensive to borrow money while tangible capital becomes more valuable. Of course, investments in gold, silver, platinum and palladium are tangible commodities and their price points will increase correspondingly. CNN recently reported that the Federal Reserve will likely augment new policies to increase interest rates in the next year, so this is a prime time to begin investing in tangible precious metals to ensure that you can cash in on the projected increase in value. In turn, analysts suggest that the best time to make your purchase is the first quarter of the year.
Purchasing Precious Metals
In order to go about purchasing a stockpile of tangible precious metals you should first look at the projected precious metals outlook. Given that it remains positive for the foreseeable future, you are in a good position to go ahead with your purchase. In doing so, be sure to contact a reputable precious metals broker and ask them about gold, silver, platinum and palladium. Take care to make sure that they offer all the precious metals in coin and bullion, and choose the correct one that matches your investment strategy. Additionally, do a bit of research on their website to find out their current price points for the precious metals.
Once everything looks good, you can go ahead and purchase your investment grade precious metals and set up a delivery with the brokerage firm. They will go about getting your investment to you for storage, and then you can sit back and watch your tangible resources grow in value.