We’re one month into 2017, and the world has seemingly lost its mind.
Political strife, environmental concerns, talks of rate increases, and an enormous amount of other spot price influencers are having a big impact on economists predictions for the year.
Talk of tariffs on Mexican imports have circulated, leaving some wondering if Libertads will be affected. As a large supplier of silver, how will proposed legislation affect prices from Mexican mines?
As many as three interest rate hikes are speculated to occur this year. How will gold fare amidst rising rates?
Industrial demand for platinum and palladium is increasing. The automobile industry is booming and utilizes a significant amount of these precious metals in manufacturing. Could this elevate platinum and palladium prices?
My question is, how are you stacking in light of these events? Do you have a game plan for the year in regards to investing? Where do you see the market heading this year, and how do you handle the uncertain market?
Each of Provident’s precious metals has the potential for a wild 2017 with the new landscape of the American government taking place. How can an investor observe the chaos without joining in?
Let me know your thoughts about investing in 2017.
-J
