Do not rush to sell gold, prices for it will recover and begin to grow - expert opinion

At the auspices of the Sberbank of the Russian Federation in Moscow “Forum Russia 2013”, a member of the Federation Council from the Amur Region, as well as the honorary president and founder of the Petropavlovsk group Pavel Maslovsky, said that the prices of gold, which have fallen sharply this week, would recover before the end of this year and return to the growth trend.

An analysis of the situation in the market of precious metals shows that there are no fundamental changes here and all the fundamental factors that have been influenced over the past two decades have remained in the same place. The speculative collapse of the prices for precious metals, which occurred this Monday has become the most significant over the past 30 years. However, as Mr. Maslovsky says, "In the next year, we will see the reverse trends and the gold will grow."

According to the ITAR-TASS news agency, with the opinion of Pavel Maslovsky, the general director of Polymetal Vitaly Nesis agrees. Having told in which banks you can get a profitable cash loan in Moscow , he also expressed the confidence of a speedy golden price restoration.