predict the future price of gold The most superficial Google search will give you a great number of websites, where all sorts of experts offer their fortune future gold prices. And you can see that most of their previous forecasts gold prices are confirmed. However, whether it was the result of methodological approach or it's all a matter of blind luck? In the end, and broken watches twice a day show the correct time.
When it comes to buying and selling gold, even the biggest players in the market are forced to make assumptions based on a thorough examination of the situation. Suffice it to say that if there was some kind of system protection against errors in the forecast gold prices, they would know about it.
The essence of the declining gold price
So really if it's worth putting money into gold in the year 2015? This will help to understand the analytical data of the past and exp...
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The price of gold
The important fact about the price of gold
Let us take a closer look at the price of a Troy ounce and explain that what determines.
As the price of gold is associated with the dollar?
The price of gold and the dollar have an inverse relationship, so to speak, i.e. when one of them goes down, the other goes up. When the dollar weakens, gold grows. However, it is very important to know that these relationships are not perfect are correlated. For example, strong movements of one does not always correspond to the same strong movement of the other.
Over the past few decades, the value of the dollar because inflation steadily decreases. And during all this time the price of gold is rising. Since inflation was inevitable in the past nearly 100 years, those who predicted a rise in gold prices, in fact, no risk. True, there were short periods of tightening monetary policy, but they occurred extremely rarely.
Supply demand and price of gold
The main question relates to why gold and the dollar back in hand. If you can understand that, then you get a great basis for deciding when it's time to sell all their jewelry and gold bullion.
Dollar is a matter of monetary exchange. However, it is only a piece of paper, which by themselves are worthless. Gold is also the subject of monetary exchange. However, unlike the dollar, gold has its own independent value, caused by the cost of the metal. In nature the amount of gold is limited. And you cannot print infinitely, as paper money. For this reason, gold is used as a stock value.
And gold and the dollar are subject to supply and demand. Than the somewhat inconsistent proposal, the higher demand and the higher the price. When people begin to fear the destruction of the values of the dollar, they usually begin to buy gold. As a result, price Troy ounce starts to rise against the dollar.
