The best savings rates 2013 will definitely include precious metals and possibly a mutual fund in the latter part of the year. 2012 was a tough year for cash savings, stocks and precious metals. To evaluate what will produce the best savings rates 2013, it will take a good eye, good evaluation skills and extraordinary luck. Growing a $1000 investment into a nest egg is not easy and the field of investments is limited by the amount of money than can be invested in any one particular style of investments.
Precious metals will continue to be the best investment opportunity for 2013. The uncertainty provided by the United States Presidential elections will play a large part in the price of gold and silver. A $1000 dollar investment in silver will probably not have the same rate of advance as it did in 2012. 30% rate on silver in 2012 was a great opportunity. However, gold had about a 9% growth rate without the up and down issue that silver had during the year.
Mutual funds, the second place winner behind silver, did better than most of the stock market sector, but there is no real guarantee with stocks. Mutual funds, while spreading the risk across a broad base, does not offset the fact that stocks are already at a huge premium. So the old maxim of buy low and sell high is already out the door for this type of investment. You will be best to follow a Phil Towne type of strategy to make money in stocksand mutual funds to get the best savings rates 2013.
Looking at the cash investments, CD rates and savings account rates will not be much better since the FED has not allowed interest rates to keep up with the inflation rate. In 1976 -1980 the interest rate on money market funds went from 5% to 18%. This allowed the markets to be self-regulating. The current Federal Reserve policy does not let you take advantage of the interest rates. This keeps inflation high, prices high and does not allow the type of investments that make serious money. Conservative ideas will be the name of the game for the best savings rates 2013. Do not get carried away or married to any savings plan in the coming year as it will not last all year. The cost of any savings will be a big part of how the investment will turn out. Precious metals, with the storage costs versus the cost of commissions with mutual funds, makes them a wash with each other.