Spot Gold Price $1,200 in Two Months?
gold nuggets
Many professional gold analysts have a good feel for normal supply and demand factors. They realize, for instance, the large role played by Asian jewelry demand and the scrap market, and the price sensitivity of both. (Unlike gold bugs, who have mostly soft-pedaled those considerations.) However, they don’t think outside the box and envisage the effect of a crash in the dollar on the gold price.
Gold bugs have an apocalyptic way of thinking, and can easily envisage that, and worse. So far, they’ve been crying wolf. But, now, the wolf is at the door.
The crowd is beginning to smell smoke, and the rush for the exit is starting in earnest. So gold could get past $1,000 in two weeks, and past $1,200 in two months.
gold prospecting
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Users of the commodity (think of jewelry manufacturers in India and Russia) must also pay a higher price for gold as demand for the metal increases from other investors. When their demand is also factored in, this too will cause the price of gold to rise.
Australian Gold
To see the ‘live’ spot NY gold price and some museum size gold nuggets I suggest you visit a great site I found a few months ago. I purchase a few nuggets from them just about a month ago, and not only are they beautiful to look at but in just the last few weeks they have really moved up in value!
I’m actually saving to purchase others!
The site is: http://www.california-gold-rush-miner.us
Nugget hunting