Even though gold prices peaked at a new record of $ 1,921 about a year ago, the price then dropped back. Yet this year, the cost for the yellow metal has steadily increased by about 7 percent, and now the price is well over $ 1,750 an ounce. What's more, there's every reason to anticipate gold prices to keep on climbing up through the rest of this year, as well as into the next year, as international economic stagnation and geopolitical turmoil offer investors a lot of motivation to keep bidding the cost up.
For believers, the motivation to buy gold remains constant even throughout relatively minor dips in its price: Gold and silver are the bases for God's money system, as outlined in the Bible, not the increasingly flimsy paper currencies such as the U.S. dollar that we have invented in the intervening centuries.
Some leading goldbugs believe prices will rise throughout the rest of this year to as high as last year's record price and maybe beyond, with further appreciation coming in 2013 - and past the symbolic level of $2,000 an ounce.
There are a lot of reasons for the secular world to think that worldwide investors will "second" God's cash system by continuing to bid up the price of gold.
The results of the U.S. elections in November will unsettle investors, especially if President Obama wins re-election.
The U.S. economic climate will remain running on fumes, so the American central bank is still trying to find methods to "promote" it-- but all of these measures wind up simply meaning that the federal government will continue to increase all financial obligations by printing even more paper money.
Federal debt will continue to run completely out of control, stoking inflationary pressures. This, in turn, will create more pressure to push up gold rates due to the fact that investors cannot rely on any currency-- especially the American dollar-- to hold much value in such a situation . No matter who becomes U.S. president in January, America's economic recovery will remain a mythical press event.
Continuous economic stagnation in Europe as well as economic slow-downs in once fast-growing countries like China and India, will provide investors few alternatives in their search for financial growth and genuine returns.
Gold is a "safe haven" and will only increase in value over time. For far better or even worse, nothing has transformed that fundamental reality.
For believers, the motivation to buy gold remains constant even throughout relatively minor dips in its price: Gold and silver are the bases for God's money system, as outlined in the Bible, not the increasingly flimsy paper currencies such as the U.S. dollar that we have invented in the intervening centuries.
Some leading goldbugs believe prices will rise throughout the rest of this year to as high as last year's record price and maybe beyond, with further appreciation coming in 2013 - and past the symbolic level of $2,000 an ounce.
There are a lot of reasons for the secular world to think that worldwide investors will "second" God's cash system by continuing to bid up the price of gold.
The results of the U.S. elections in November will unsettle investors, especially if President Obama wins re-election.
The U.S. economic climate will remain running on fumes, so the American central bank is still trying to find methods to "promote" it-- but all of these measures wind up simply meaning that the federal government will continue to increase all financial obligations by printing even more paper money.
Federal debt will continue to run completely out of control, stoking inflationary pressures. This, in turn, will create more pressure to push up gold rates due to the fact that investors cannot rely on any currency-- especially the American dollar-- to hold much value in such a situation . No matter who becomes U.S. president in January, America's economic recovery will remain a mythical press event.
Continuous economic stagnation in Europe as well as economic slow-downs in once fast-growing countries like China and India, will provide investors few alternatives in their search for financial growth and genuine returns.
Gold is a "safe haven" and will only increase in value over time. For far better or even worse, nothing has transformed that fundamental reality.
About the Author:
Anne Trimble is an expert in assessing assets. Visit her Gold & Silver website to learn about real money. Her autobiographical book Faith Through The Flames is also now available.
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