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EverBank’s Chris Gaffney speaks with Kitco News about gold prices, the US dollar and investment strategies that can help investors. Although Gaffney expects gold prices to remain low, he states that Chinese and Indian demand for metals will eventually boost prices. According to Gaffney, the best strategy to adopt in the metals market is dollar cost averaging because that way “you’re buying more when prices are low and less when they’re high.” Gaffney states that the US dollar is high now because investors are using it as a liquidity hedge and also because foreign investors are buying dollars to tap into the US equity market. However, even if the US dollar is performing well now, Gaffney expects it to drop due to the country’s domestic and foreign debt.
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As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and © Kitco.
As well as the most accurate precious metal prices online, Kitco also provides up-to-the-minute news with usable market information. Videos provided by and ©
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