Here's a breakdown of the best sectors for your money in the New Year.
Hot Sectors for Investing in 2013Silver: 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, could 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.