Dec 29, 2011 3:20 am
In spite of a recent dip in the market for buying and selling gold in NYC and around the world, collectible coin dealers are optimistically expecting gold and silver to go up in 2012. Over the last year there has been a widely disseminated boost in gold prices continuing on from the shaky markets in 2008, which drove the price of gold upward for quite a few years. Recently the new shakiness in Europe has actually done some damage to the gold and silver markets but with that situation expected to somewhat stabilize during the next few months experts in these markets with decades of experience are once again signalling that 2012 will be a great year for gold markets.
For those of us considering the pros and cons that might lead someone to sell gold jewelry in NYC this is a welcome relief from the last few weeks of dips in prices. Of course, as sound as these predictions may seem it is important to keep an eye on the day to day developments in all important financial indicators. From stocks and national debt to political unrest and unemployment. Each of these factor in heavily as the prices of gold, silver and other precious metals are weighed.