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Yes, it’s almost Christmas, the most exciting time of the year. We’re sure you’ve already got those Christmas trees lit up in your homes, and if you haven’t, what are you waiting for 2017 has flown by so fast and here at Physical Gold, its celebration time. We’re all getting ready to party with friends, families and loved ones and we’re sure you are too. We’re also looking forward to welcoming 2018 in a week after Christmas.
It’s been a good year for silver and gold. Silver spot prices have been fairly stable with a 52 week high of $18.64 and a low of $15.21. Silver surpassed the $18 mark in both February and April this year, spreading good cheer for investors. With a current spot price of $17.04 per ounce, the precious metal looks to be a hot favourite for investors looking for stability in their investments in the coming year.
For gold, it’s been an even better run in 2017. Starting well below the $1150 per ounce mark in January, gold rose steadily through the year and hit a 52 week high of $1357.38 in September this year. Settling down to the $1294 mark currently, the yellow metal may still rally one more time before the year is out. For numismatists, 2017 saw the issue of the lovely 2017 Silver Britannia and the amazing 2017 Gold Sovereign, a historic coin that heralds our Queen as the longest-reigning British monarch of all time. The 2017 Gold Britannia 1oz is also a great collectable, along with many other rare gold coins, all of which is available here with us here at Physical Gold. If you’re planning to invest over Christmas, look no further. A great starting point is our ‘how to buy gold’ guide.
With the New Year almost upon us, we’re all really excited as forecasts for gold and silver look quite promising so far. In particular, investors seem bullish on silver in 2018, owing to higher industrial demand. Investors predict the US dollar to fall significantly in 2018, and this could well be the catalyst for a silver rally. Whatever the future may hold, all of us here at Physical Gold look forward to advising you on your precious metals investments in 2018.
With the Christmas lights up and running in every single town, we hope you’re making plans to be home, wherever you are. It’s indeed a magical time for all and if you want to make that magic 24 carats, all you’ve got to do is call. Right here on 020 7060 9992, Monday through to Friday, 9am to 5pm, we’re there to advise you. Call us and speak to our advisors about making some great Christmas gold and silver investments. You can also email us on [email protected]
Make this Christmas special. We’re sure all your gifts will spread joy and cheer to your loved ones, but there’s one thing we can assure you. Unlike many of the other purchases you make this Christmas, your investments in gold and silver will remain timeless. Have a wonderful Christmas and a happy and prosperous 2018.
Daniel Fisher formed physical Gold in 2008, after working in the financial industry for 20 years. He spent much of that time working within the new issue fixed income business at a top tier US bank. In this role, he traded a large book of fixed income securities, raised capital for some of the largest government, financial, and corporate institutions in the world and advised the leading global institutional investors. Daniel is CeFA registered and is a member of the Institute of Financial Planning.