0
The key swing factor for gold prices has traditionally been speculative demand, arising from the role of gold as a hedge against inflation and backing for currency.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What continent has the most gold mines?
Australia used to produce the most gold but the current title holder is Africa with speculation on a unique geological advantage of ancient streams and lakes bringing gold to it. Australia is similar in that its gold is mainly from meteors.
What did Jesus do with the gold from the 3 wise men?
The Bible doesn't say what happened to the three gifts. Every answer is sheer speculation.
Why do people want to buy scarce items?
The single word answer is: Speculation. People buy scarce items hoping they will become valuable in the future. Gold is scarce considering only 2% of all gold that exists in the earth has been dug up. With that in mind, consider the people who bought gold in 2001 when it cost about $270 per ounce. They speculated gold prices would increase over time. Their speculation earned them an increase in price of about 518%, and they made $1150 for each ounce they bought. That is a huge increase. So buying scarce items now just might these people rich, or at least they will make some increase on their speculation.
What did President Jackson issue to stop land speculation in the west?
a specie circulation requiring all public lands be par in $$silver$$ and $$$gold$$$
What does idle speculation mean?
speculation that is unlikely to be true
Why a gold crash might be around the corner?
Gold, contrary to popular belief, is not an investment - it is a speculation. When the economy is limping, gold prices rise. When the economy is strong, gold prices fall. If the economy eventually recovers slowly but surely, gold will slowly but surely drop in price. If the economy should suddenly begin to recover strongly and rapidly, gold prices will fall through the floor.
When was Pure Speculation created?
Pure Speculation was created in 2005.
What has the author James U Blanchard written?
James U. Blanchard has written: 'Confessions of a gold bug' -- subject(s): Capitalists and financiers, Biography, Gold, History 'Silver bonanza' -- subject(s): Silver, Prices, Speculation, Futures, Options
How would you use the word speculation in a sentence?
he knew the stock was a speculation when he bought it
Is speculation a noun?
Yes, speculation is a noun, a common, singular, abstract noun.
What is the meaning bobble speculation?
The question has been rephrased to; what is the meaning of bobble speculation.
What does market speculation mean?
A Stock market speculation means - Predicting the price of a market entity (A Stock for example) in future. If the speculation is positive, we buy. If our speculation is negative, we don't bye or sellbuy low sell high
