Whаt fuels thе rise іn Gold аnd Platinum? It seems аѕ though іt hаѕ increased dramatically lately. Iѕ thіѕ due tο thе falling dollar? Mideast unrest? Whаt οthеr forces effect thе value οf precious metals, аnd саn wе continue tο see thеm rise іn value? Thanks іn advance.
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Well the prices will only go up.
the lack of recycling
ufo sightings are up and gold is what they are after. they need gold.
It’s the fall of the dollar and the weak US economy that will affect all of the world’s economies. The price of gold should be much higher. They’ve been manipulating it.
I’ve been telling people to buy gold for years. I reckon gold will probably go to at least $2000.00 an ounce as the US economy fails. Although, I was considering adding to my own position a couple weeks ago and got squeamish because of the high price. If I bought, I would have made $20.00 an ounce already…
I’ve recently seen the price of some well loved Chinese made electronics goods jump A LOT. My generic coffee creamer now costs $5.00 instead of $3.00 all of the sudden. The dollar is near worthless. We’re in BIG distress and I certainly can’t see the price of gold crashing suddenly.
Sheep =]
When there is such uncertainty in the market and inflation is striking the value of the dollar, people invest in gold and other precious metals as a way to insulate themselves from hurt to the weak dollar.
China is mainly doing this lately which is increasing the deman for these precious metals.
I guess it’s because the stability and value of the currency of certain countries are in question–take a look at the value of the US dollar compared to the Euro or even Canadian money–the exchange rate with Canada used to be more for the dollar but not any more. We are borrowing money from foreign countries, people are loosing their homes to foreclosure or just charitable them up to foreclosure because the loan is higher than the value of the house. All of the US currency used to be backed up by stored silver and gold, but no longer.