When Will The Price of Gold Fall?
What comes up must come down or at least stay level. This law applies to Gold Prices. This article gives some clues to look out for. These clues will herald the end of the rise in price of Gold soon or in the future.
As we researched and wrote this article the price of gold was still rising. A clue to this was the constant television adverts from companies which were virtually begging people to sell them their unwanted and broken jewellery. One such company stated they have bought off thousands of people and paid millions (£s) for their unwanted gold jewellery.
Unlike the falling prices witnessed in the property (real estate) market, gold prices have continued to increase at a substantial pace over the last two years. One reason is that investors have pulled out of property and shares and put their funds into gold. Another (witness the adverts mentioned above) is a falling supply.
Image via Wikipedia
While gold prices increase the canny investor will put more and more money into gold. However, really canny investors will sell their gold before the price falls. In the current economic climate this will not happen. Once economies start to recover though, it will only be a matter of time before gold prices level off and even decrease. Watch all indicators. These include retail price index, the amount of companies going out of business and the sudden exodus of the adverts begging for you to sell them your gold.
Image via Wikipedia Gold Prices over the last 200 years.
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