Yes it will go five times up
Increasing gold prices can lead to inflation. Falling gold prices tend to improve investment.
The price of gold will tend to go up for several reasons: a large but limited supply, a limited mining capacity, and just inflation in general. Gold is a hedge against inflation or decrease in currency rates. Its intrinsic value (for various uses) is now much less than its demand price. When the price of gold does go down, it means that - there are more sellers than buyers, - that other commodities are bringing better returns for capital invested - that speculators are not anticipating increases in price anytime soon.
it worth 3,000,000,00 at the moment in this econamy but it will go up no doubt
They sell on line from dealers for $67+ each, on eBay for $57+ shipping, and price varies day to day due to the spot price of gold. With gold over $1060 an oz, price will just go up.
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The price of gold will vary depending on the dealer you wish to sell the gold to, and the commission they will take. Gold coins if pure, can go for $1500 at the moment.
It will Increase. If we see the historic demand for gold and the price movement of gold, it has always gone up and it will continue to do so.
An ounce of 10K gold is around 452.00 dollars right now. The price of gold goes up and down daily.
when gold is relatively cheap, people will buy lots of gold jewellery, when the price of gold goes up, people switch to silver jewellery...sowhen the price goes up, less people will want to buy - cause the demand is "sensitive" to the price...so demand is ELASTIC...
The market place decides what the price of gold will be at any given time.
The price of gold has fluctuated in the last ten years, but overall it has gone up. This is because gold reserves in the ground have reduced as they are mined.
The demand and supply of gold. Due to the credit crisis many people have decided to buy gold since the price of hold has always been very stable (doesn't fluctuate a lot) since more people demand gold, the price of gold has risen. This is with accordance to the law of Demand which states that if all other factors are held constant, then there will be a negative relationship between the quantity demanded and the price of a good. Thus the higher the demand for gold,the higher the price. try this site its useful http://gold-price-blog.info/