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The current gold prices and silver prices to be found on the precious metals spot price indicator are a reflection of supply and demand on the day, this is the reason the price fluctuates from time to time during the day as spot trades are made and more o

"Willard Venable" (2020-07-10)


The current gold prices and silver prices to be found on the precious metals spot price indicator are a reflection of supply and demand on the day, this is the reason the price fluctuates from time to time during the day as spot trades are made and more or less gold becomes available on the open market.

However, what current gold prices do not tell you is the reason for the continued bull market in precious metals prices. Neither does it tell anything about the historic gold price and how this is affected by economic booms and busts; the only thing that can be said about current gold prices and silver prices is that as more and more investors, both institutional and private, move more of their assets out of currency and stocks and invest their liquid assets into precious metals the price will continue its inexorable rise and certainly for the foreseeable future.

The current gold prices are a reflection of the distrust in currencies and the inherent weaknesses of a non tangible form of wealth which is easily manipulated by governments, and at this point in time the Fed and the US government are no exception to this rule. The current gold prices are in part due to the general weakness of the US dollar and its continuing slide into oblivion and with it the fires of inflation; combine this with many nations actively dumping their US dollar reserves and recently China and Russia signing a bi-lateral trade and cross border agreement to use their own currencies for mutual trade instead of buying US dollars to do so, is merely another nail in the dollar's coffin.

As investors' nerves become jittery the only result is increasing demand Https://www.goldbullion.store for all types of precious metals including silver and platinum and the spot gold price will continue to rise. Historically the spot gold price in January 1980 reached an unprecedented 850 US dollars an ounce and arguably there was less volatility and weakness in the global economy than there is now, and yet this figure, if adjusted for inflation over the intervening 31 years, equates to a spot gold price of about 2700 US dollars per ounce. Therefore it is safe to surmise that gold still has a long way to go before it even reaches the summit of this particular bear market.

Grasp the moment and take your first tentative steps into profitable gold and silver investing by checking out the current gold prices at website and while there find out more detailed information about when, where and how your first trade in coins or bullion bars can be made.

website Gold Prices Still Have a Long Way to Climb in This Bull Market