The glitter and shine of gold is incomparable and as of now even its price stands to be the same. In the last few years, gold has been on a price hike spree. Every now and then we keep hearing about the market analysts predicting about the hike in gold prices. Apparently, it comes as no shock if this year too a similar hike in gold prices is anticipated. Going as per the few of the precious metals analysts, it is expected that gold prices will rise for a 12th year in a row to reach a record high in 2012.
However, they are not very positive for silver and platinum prices. The survey conducted to determine the possibilities of hike in prices, showed gold to hit an all-time high in the current year. The forecast made about the prices states gold to reach a high above $2,000 an ounce. It even estimated gold to average $1,766.00 an ounce this year, compared with an average of $1,572.00 in 2011. If we analyze the market reports of the previous year then we can see that in the month of September, gold price had rose to a record $1,920.30 thereby gaining 10 percent in price in an 11th consecutive year of gains in 2011.
According to one of the analyst, “However, if we compare the average 2012 forecasts with actual average prices in 2011, we can see that analysts are less bullish about the prospects for precious metals during the next 12 months”. Now on one hand where gold price are bouncing high, silver is expected to struggle hard this year. As per experts, silver is to reach an average of $33.98 an ounce in 2012, compared with an average price of $35.11 last year.
This leaves the investors and the buyers under a great quandary. Well, one can make best use of the time and invest the money in a smart way. Johareez.com is one such platform which helps you in making the smart choice when it comes to using the money in the right manner.
Here you can not only get the gold jewellery at an affordable price but can even browse over a wide collection of jewellery crafted in silver, diamond and other precious stones. At Johreez.com we guarantee you the best utility of the money invested; the products offer you supreme quality and sheer perfection in artistic skills used for designing the same.
Make Johareez.com your shopping destination and get free from worrying about the gold and other precious metals going high priced.