Gold prices are increasing
Recently, gold prices rise, but there were periods when prices were falling. For example, in the period from 1980 to 1985 the price of gold on the world market fell by 65%, and then from 1985 to 1988. and again went up and increased by 66%. But there was another period of 1995-2000. When prices are declining slowly and languidly. At this time, prices have sunk from 400 dollars to 300 dollars per ounce. If you recall the beginning of the century, the period from 2000 to 2005. the price of gold rose from 300 dollars to just $ 425 and only since the late 2007 began a dizzying height.
Gold prices could rise to 3-5 thousand dollars
Indeed, the gold price could rise to 3-5 thousand dollars per troy ounce. In terms of 1 gram of it would be 780-1300 USD. But no one is prepared to say when it will happen a year or ten years. Predicting the price of the future must take into account one very important fact. Although U.S. Dollars are no longer tied to the gold standard, but a close relationship between gold prices and U.S. dollar still remains. If in Ukraine hryvnia depreciation is estimated as the dynamics of the dollar /hryvnia, the depreciation of the dollar value of estimated price of gold. As soon as the U.S. government prints more and more new money, and increases the price of gold. And it is the dynamics of the price of gold on the world market, more than anything else shows the process of dollar depreciation. Therefore, the more the U.S. government will print the new notes, the faster you will see the price of gold at $ 5,000, but if the U.S. government will issue to restrain the dollar, a cherished figure of five thousand dollars will have to wait long.
Gold - is a "safe haven" amid the global crisis
It no longer corresponds to reality. Investing in gold on the level of risk equivalent to investing in stocks or other risky assets. The fact that the demand for gold rose during the crisis has nothing to do with the reliability of gold. Simply the world's speculators from time to time change their "favorite toy". Previously, he was fond of derivatives on mortgage-backed securities, shares of IT companies, shares of South-East Asia and the CIS, and now - gold. But as soon as they find a new "favorite toy" they might as passion and will sell gold. However, already partially begun. Due to the fact that at the current time of the transaction with Eurobonds Italy, Spain and especially Greece can get high returns, international speculators are selling some gold and invest in new "toys." Therefore, the price of gold on the world market at the moment is 1700-1800 dollars, and can not grow up to 2,000 dollars per troy ounce.
Mining of gold falls, and demand for gold from the jewelry is growing, so the gold price rise
This is reliable information. The average annual production of about 2.5 tonnes of gold. In the recent years, the production of gold rise and not fall. In 2010, gold production worldwide amounted to 2.652 thousand tons, up 4%more than in 2009. In 2010, the jewelry industry and other sectors of industrial activity have used 2.584 tons of gold, which is 16%more than in 2009. With this method of comparison may indeed seem that the gold in the world is not enough. But the error of this comparison is that it is not taken into account the specifics of gold, which is not only extracted from the mines, but also by the production of recycled scrap gold. In 2010, through the processing of scrap gold were produced 1.5 thousand tons. It is necessary always to remember that in the world are in circulation about 150 tons of gold, which in fact is not subject to destruction. Therefore, scarcity of gold does not exist and also, if it were not buying gold to invest, it is likely that the world has seen a surplus of gold, and it collapsed the prices to very low levels. For all the successes of the jewelry industry demand for its products may not grow as fast as the demand for other consumer goods.
Governments are buying gold in its reserves, which guarantees a high price
Indeed, the recent noticeable increased interest of governments in many countries, associated with buying gold for their reserves. In the foreign exchange reserves in different countries at the moment there are about 20%of all mined gold in the world. Superiority of keeping the United States, in their accounts for more than 8 tons. In other countries - a smaller one. In Germany - 3,4 thousand tons, France and Italy are at 2.5 tons. About 3 tons of gold owned by the IMF. Approximately about 1 thousand tons in Switzerland and China. Other countries have less gold thousands of tons each. In general, the total reserves of gold in gold and currency reserves of all countries is estimated at 30 thousand tons. Due to the fact that this gold is stored in government warehouses, it provides a needed balance to the global gold market. But no one can be sure that any of the countries having large reserves of gold, decides to sell some stocks. From time to time it happens. Gold - is not more than one of the investment assets, but unlike paper money, gold can not be used for foreign trade operations. Therefore, national governments have to repay their debts or to buy goods abroad to sell gold from the vaults. And that could lead to a significant slump in gold prices. The fall in gold prices on the world market in the late 80's was largely due to the sale of its gold reserves of the USSR.
Recently, the demand for gold among investors is growing
During the first two quarters of 2011 on the world market to investment was bought about 660 tons of gold. If we compare with the year 2009, it is really growing (if the purpose of investment was bought about 500 tons of gold). But in 2010 the first two quarters were bought gold to invest nearly 795 tons. On the world market there is no strong demand. Demand for gold is very much dependent on many factors. But lately, even on many subjective factors, such as a change of government in individual European countries or major U.S. policy statements.
Gold buying a lot of individuals to accumulate wealth
It is estimated that about 70%of the gold that is bought by the population, accounted for the countries of Asia. The most important buyers in Asia are Hindus. They account for about 24%of all purchases of gold in the world. The Government of India is considering imposing restrictions on the purchase of gold the population, since buying precious metals, with a population less money puts at commercial banks, which negatively affects the economy in general. In China, too, in recent years, increasing demand, due largely to the specifics of economic life. Higher incomes in recent years the Chinese have allowed them more and more money to accumulate for the future, conditions for the control of the CPC Central Committee, the purchase of gold bullion allows the Chinese to avoid this control. So no surprise that when assessing future price of gold a number of analysts pay much attention to dynamics analysis of income and the Chinese and the Indians, believing that if these revenues will grow, it is likely it will stimulate the demand for gold in the world. But if earnings will decline, it will be a very negative signal to the world market.
R.S. One can not unequivocally say that gold prices will continue to rise and it is very reliable and risk-free asset. Gold prices may rise, but they may fall and be stubbornly for several years did not significantly change. When the gold was and is quite risky asset and need to work with him as a risky asset. Be sure to buy, but only a small part of their own, and be prepared to wait years and years, until prices rise to the desired level.
http://news.finance.ua/ru/~ /2/0/all/2011/11/25/260253