12%-15% Return For Gold in 2013

Gold Forecast 2013

David Mcalvany, CEO, McAlvany Financial Group explains why gold will still bring in returns next year as demand from both investors and central banks will continue to hold up.

$2,300 Price Target set

“As we head into 2013, a 12% to 15% rate of return for the year is highly probable,” McAlvany Financial Group CEO David McAlvany tells CNBC in a Dec. 19 interview in which he sets a $2,300 gold-price target. “With central bank demand and investor demand remaining high, the key variable is supply, and this is where I think we have a very strong story in 2013.” He went on to state that gold needs another six to seven weeks of consolidation before moving higher so now is the perfect time to buy gold to be poised for near-term spike.

Precious metals have always been a safe haven for investing in uncertain economic times. Precious metals are assets that will never lose their value. They are not subject to systematic risks as fiat/paper money and hedge/protect your hard earned wealth against inflation and other threats of devaluation.

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Past performance is not an indication of future potential values.