The fiscal cliff has been averted but in about 2 months USA will hit a debt sealing of 16 trillion dollars. To avoid this crisis Joe Biden and Obama will have to work day and night to arrive at a compromise with the Republicans for billions of dollars of spending cuts per year, for the next 10 years. Meanwhile it is a good time to buy Silver and Gold. Silver has fallen from Rs.62000 per kg to around Rs. 56800 per kg. In the international market Silver prices are down from 34 USD to 29 USD. However experts say that Silver can again touch 40 Dollars per ounce as it has done last year and this could happen in the next 6 months. This in India will correspond to a price of 72000 per kg. Gold also has dipped in the recent weeks from Rs.32000 per 10 gms to Rs.30600. In global markets its dipped from 1700 dollars per ounce to about 1680 dollars per ounce. Experts expect Gold to go upto 2000 dollars per ounce by end of 2013. This correspond in India to price of Rs.40000 per 10 gms. Out of the two I prefer Silver.
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