If you're planning on investing in 2013, economic uncertainty probably will be a factor in deciding where to put your money - but some sectors stand out as solid prospects regardless of the economic climate.
Here's a breakdown of the best sectors for your money in the New Year.
Hot Sectors for Investing in 2013
With economic uncertainty expected for the near term, gold
is typically considered the best hedging choice.
But, as Money Morning
Global Resources Specialist Peter Krauth pointed out in his 2013 silver price forecast
, silver actually provides more potential for appreciation - and at a far better starting price.
Krauth says the white metal, currently selling for around $30 an ounce, c
ould move to a new high of $54 an ounce in 2013 - and not just because of its hedging value.
Investment demand for silver
should continue to increase, driven by the creation and expansion of several silver-backed exchange-traded funds (ETFs) and increased minting of silver coins.
Industrial use of silver is expected to grow even faster. That's largely due to the use of silver in solar panel manufacturing, which consumed 60 million ounces in 2012.
Solar panel usage is expected to grow as a result of U.S. President Barack Obama's emphasis on alternative energy
and increased demand from Japan, which has made a major shift away from nuclear power
in the wake of the Fukushima nuclear power plant disaster.
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