Spot Gold Price … Ready to Set a Record?
After breaking through the $1,000 milestone in March 2008, gold has gone through some rough times. As economies around the world slipped into recession, demands for commodities fell sharply and the appeal of precious metal also faded. At the end of October, gold even dropped below $700. Since then, gold has regained most of the lost ground. Investors again looked at gold as a safe haven amid turmoil in stock markets. Qhere is gold heading from here? Some say the spot gold price is going back to $1,000. Others predict, spot gold could hit $5,000 in 5 years. There are also those who say that gold may stay at the current level for a while before any breakthrough. The abundance of opinions on gold's price future is what makes for a good market. gold prospecting videos
[tags]spot gold, gold, gold price, gold price forecast, gold price outlook, gold investing [/tags]
Related Posts:
6 Comments
Post a comment
This is a fantastic article. I am so happy the online market place still has decent subject matter.
True value is the time that it takes man to produce an item. It doesn’t matter if it is building a bridge or a wall or mining an ounce of Gold. You will not produce an item at a loss!
Acne Specialist
A spike in gold is coming very soon!
California Bail Bondsmen
It will be golds time 3-5 yrs from now but not just now…we have to see real estate and the stock mkts enter a true bull mkt again before gold skyrockets as the only we break the deflationary cycle is by hyperinflating our way out it which Im pretty sure we will.
San Francisco Lawyer
When our economy does rebound, gold has a good foundation in which to build off of on it’s way to higher highs.
Tijuana Dentistry
So I’m confused! Is the price of gold going UP or DOWN?! If gold can’t go through the roof during a ‘global fiat currency’ freakout, or credit crunch, debt bubble burst, whatever, then when? My sense is that the deflation demon will finally take out gold (‘goes up on an escalator and comes down in an elevator’!)
SD Real Estate Agent