• Welcome No one logged in.

  • Shopping cart is empty.
  • Call us now on +44 (0)121 525 8133
News
You are here: Home \News
Gold Price Set to Soar?
Friday, May 15, 2015, by Andy Thornley, comments 0

On the 12th September 2011 gold reached a peak of £37.40 gram, since then the value has steadily fallen to  £25.00 a gram.  There are a number of factors at play, which may cause the price to rise from this stable base.

  • First of all the Chinese people are buying gold either in bars, coins or jewellery as a store of value.
  • Gold has always provided some insulation against inflation and with every government now printing money to keep recession at bay inflation at some point in the future will take off.
  • People want to replace the gold they sold during the recession.
  • The stock markets are trading at all time highs as investors search for returns greater than cash on deposit, many pundits say this cannot continue, when the market falls it is possible that investors will buy gold as they did in 2008.

All in all there is not much downside to the price of gold an d a great deal of potential upside.

Comments
Post has no comments.
Post a Comment




Captcha Image

Category
    Recent Post
    1. Are Rolex Watches a Timepiece or Currency? Andy Thornley 15-May-2015
    2. Gold Price Set to Soar? Andy Thornley 15-May-2015
    3. Gold is Back in Fashion! Andy Thornley 15-May-2015
    4. Follow us on Social Media - get connected Andy Thornley 29-Apr-2015
    5. Our new website goes live today! Andy Thornley 29-Apr-2015
    Twitter Feed