As we know North Korea and USA have had much tension in the past few days. We may be in Canada and believe none of this impact us, but the truth is it indeed does affect us.
In the last week, precious metals have been investors’ favourite. In fact on Thursday August 10, 2017, gold hit its highest level in 2 months. Dennis Gartman, the editor and publisher of The Gartman Letter, said this increase is the cause of “inflationary pressures, especially an increase in wages”. He also stated that monetary authorities have been expanding supply reserves and that is going to have a bullish impact on gold.
With so much in hand, it’s difficult to predict prices for the upcoming weeks.
This could either be a great time to sell gold, or a miss out on great prices.
If you are uncertain with your precious metals and still need cash, you can always get instant cash with today’s prices as a loan against your gold.
Call us today for your free appraisal! (905) 595-5222