Gold Price Today
Latest Gold Price News
Only time will tell whether gold has established a long term bottom and which factors have been driving the trend change. But, from our perspective, we believe that all of the above are increasingly driving gold’s price higher, a trend which will only intensify.
The chart of gold prices since the year 2000 (log scale) shows a “megaphone pattern” of higher lows and higher highs. Currently the gold price is near the bottom of the exponentially up-trending pattern. Short term prices could rise or fall a little from here, but gold prices should be much higher in 2015 and 2016. Gold is for savings and investing, not trading. Dollars buy groceries while gold buys safety, insurance and peace of mind.
While the major central banks continue to flood the global financial markets with their fiat currencies and as geopolitical tensions around the world look set to increase, the price of gold is likely to rise.
Regardless of whether gold follows the monthly trend in March, the point is to buy during the next downdraft, whenever it occurs, for maximum profit. And keep your eye on the big picture: gold’s fundamentals signal the price has a long climb yet ahead. Everyone should own gold bullion as a hedge against inflation and other economic maladjustments… and gold stocks for speculation and leveraged gains.
There is something going on in the gold and silver market, and it is difficult to ascertain exactly what it is. Perhaps it can best be described as a change in market behavior that may be defining a potential change in trend. 2014 is now THE year for the “big breakout.” It has to be presented as such because calling 2013 the big year will no longer work.
What to make of the current trend in the price of Gold?
In today’s shaky economic climate, investing in gold is one of the few reliable things you can do. However, it is vital to your wealth and profits that you monitor the price of gold carefully, to stay on top of new trends. By doing so, you will discover that, lately, the price of gold and silver have been going down while the value is going up. A strange phenomenon, but important to imporant the underlying drivers.
Why is the gold price going down while commentators and analysts say that the value of gold is rising? How can that be?
That is a great question, and a critical one to reply in an accurate way. The answer to that question is based on the monetary aspect of gold. The fundamental value of gold as a hedge against the destructive monetary policies of the central banks in the west. Meantime, traders and investors have decided to search for profits in the equity markets; they have been selling the metals lately. That explains the disconnect between gold as an investable commodity versus gold as a hedge against monetary destruction.
By following the articles we publish at GoldSilverWorlds.com you can follow this trend and stay up to date on the latest market developments. Through our many years of experience and research, but also our extended network of experts that are behind GoldSilverWorlds.com, we are able to provide a wealth of valuable information, Be sure to check out the current gold price and read our latest articles analyzing the gold price. They provide accurate and well researched insights.
Last update: May 2013