Michael Fuljenz and his 7 Fearless Forecasts for gold in 2016

Michael Fuljenz, president of Universal Coin and Bullion, gold expert, numismatist and writer, shared a forecast about the performance of gold prices in 2016.

Just before the end of the year he predicted a growth and on January 7 prices stood at 1,108.99 per ounce. What are the other predictions of this gold expert?  

The jump in gold prices at the beginning of 2016 shocked many while it was more than expected by others. Michael Fuljenz predicted that growth a few days before together with more predictions for the rest of the year.

Read the Seven 'Fearless Forecasts for 2016:

1) Gold supplies will decline compared to last year. According to gold mining news, the number of gold deposits with resources is decreasing and other mines have had to close since they were not profitable. Lower supplies always translates into higher gold prices.

2) The turmoil in the Middle East may bring about a jump in prices. The geopolitical and economic situation of different regions is crucial for gold prices, and the instability in this region might help prices.

3) Physical demand for gold will surpass the previous year's records. Large mints may come across difficulties when trying to satisfy the demand for this yellow metal.

4) The demand for gold coins may rise this year, creating the demand mentioned in the previous point. Fuljenz emphasizes the possible popularity of rare coins.

5) Gold prices will increase in relation to the US dollar; this currency might reach high levels by the middle of 2016 and later on, decline in comparison to others. Besides, the Federal Reserva is not likely to increase interest rates more than once.

6) The US presidential elections may also impact the price growth. The expert believes that the elections of next November could raise political and economic instability - the perfect climate for a price growth.

7) Gold will gain in popularity on Wall Street.

Besides these predictions, Michael Fuljenz stated that gold prices will range from $1200 to $1300 per ounce during the 2016.

Armed with this knowledge, it is time to make a right decision about gold.

Read more articles and learn more about gold prices and business: Gold prices soared by $30 in 2 days: this is a monthly record!