Forecast for 2012

Buying and trading gold and silver is major business for investors. But lately, the forecasting of gold and silver rates has become quite important and a big business in its own right. Companies and citizens alike have begun to depend on these types of predictions for their investments. So what have the forecasters predicted for 2012? It should be of no surprise to anyone following the market that there have been expectations that gold will continue to rise. But what may surprise you is the sheer amount of the calculated increase.

Citigroup is a well-known and established company. A branch of Citigroup, called CitiFX, claims that in 2012 the precious metal gold will climb to an amazing $2,400 an ounce. If that doesn't impress you, than take a look at their outlook for gold in coming years. Their forecast is that gold will reach a staggering $3,400 an ounce! CitiFX also claims that gold will eventually beat equities, bonds, and some currencies.

In the last decade alone, gold has shown great gains for its investors. According to statistics, gold has gained approximately fifty percent in returns every single year for over a decade. Some claim that as it continues to climb that it is inevitable that the price of gold will soon plummet. But all major analysts claim that it will not only retain its value, but that gold will greatly increase in value through 2012.

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