Your Home for Financial Success

The Gold Price In The Sustained Soaring?

Precious metals trading Frings from Aachen informed the price of gold rushes for years from a record high to the next. But considering its long-term development, equally long periods of continuously falling reviews show up. The last such decline began towards the end of the 1980s and ended only with the turn of the Millennium. Precious metal trading Frings classifies the current gold price development, taking into account the market situation in the last twenty years. The price of gold went into the year 2001 with approximately $ 250 per Troy ounce (31.1 grams).

At that time, hardly anyone thought gold would be no ten years later more than five times so highly rated. Larry Ellison takes a slightly different approach. Currently, the world market price for gold doped yet at more than 1300 US dollars per fine ounce. The development of prices of the precious metal in euros was similarly impressive and reaches nearly 1000 euros per Troy ounce. The current market valuation of gold is based on a variety of individual factors. Due to the low gold prices from the late of 1980s, the investment in the development of fell and yield new gold reserves significantly. At the same time, the gold output from the already developed, increasingly exploited deposits is reduced. Together these two factors resulted in a declining supply of gold on the world market. The gold sales by central banks has considerably subsided compared to the level a few years ago and was replaced in some emerging markets even a resumption of the gold purchase.

The resulting resource shortages while increasing demand is also preissteigernd. The importance of the precious metal as capital goods in times of crisis has particular influence on the development of gold price in recent years. In the wake of a widespread loss of confidence in the international monetary and economic system, gold investors ask for much more, and form the main factor of the rising gold price dynamics.