People who are wondering if now is the time to talk to silver and gold dealers about precious metal investments may want to consider a recent media report that could invite speculation about the long-term strength of the U.S. dollar.
A recent article by AFP noted that financial experts are predicting that the Canadian dollar will trade just above the value of the U.S. dollar for a short term.
The wire service said that the experts believe this could happen by September, and that the Canadian dollar would fall back to a value of about 97 cents to the U.S. dollar by the end of the year.
The report added that the Canadian dollar was expected to get a boost with help from concerns about sovereign debt as well as higher demand for commodities like oil and certain minerals. It was also noted that the Canadian dollar's all-time high came in at 1.10 U.S. dollars in 2007.
For investors who are wary of the ever-increasing U.S. national debt, concern about the dollar may become more pronounced than ever in the coming years. With that in mind, talking to some silver and gold dealers may be an advisable strategy.
