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Gold is considered by its fans to be the ultimate store of value - an asset with no liabilities attached to it. The price of gold rises when an increasing number of investors lose confidence in paper assets, particularly currencies. As such, gold can be seen as barometer of confidence in the ability of central bankers to pursue sensible policies, or in governments being fiscally responsible.
As David Einhorn, a talented hedge fund manager, said in a recent speech:
I have seen many people debate whether gold is a bet on inflation or deflation. As I see it, it is neither. Gold does well when monetary and fiscal policies are poor and does poorly when they appear sensible. Gold did very well during the Great Depression when FDR debased the currency. It did well again in the money printing 1970s, but collapsed in response to Paul Volcker's austerity. It ultimately made a bottom around 2001 when the excitement about our future budget surpluses peaked.
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How much cash do you get for your gold?
This all depends on how much gold you are trading in. As of June 2011, the current gold rate is $1547.20 per ounce. Gold prices have continued to rise, and will most likely to continue to do so.
Where to prices for gold?
Gold price changes daily. You can refer to newspapers or websites that provide daily gold prices.
Would it be advantageous to borrow money if you expected prices to rise?
If you expect prices to rise when borrowing money it depends on if the interest rate is smaller than the rate of inflation. If the interest rate is smaller than it could be advantageous.
Why do gaz prices rise?
Due to the overconsumption. When the demand increases the price also increases.
Why did oil prices rise?
Because the people in the war wouldn't give us oil.
Will gold price decrease in future?
Gold prices have been on the high rise for some years now, and no it does not look like gold prices will decrease in the near future.
What is the future for gold prices predicted to be?
The future for gold prices is predicted to be rising. If you buy gold now you will be able to rise the price and sell it for more in the future of the world.
What is the current value of a gold bar?
Depending on the current gold market as of today Friday June 17th, 2011. A gold bar (1oz in weight)at todays prices would be worth $1613.41. Though in saying that the prices could rise or fall, with todays market it will definitely rise and the price will rise. This is good if you own gold.
What is the value of a 1902 crown coin?
The rise in gold prices makes this coin worth more for its metal than as a collectible. Depending on wear, its retail price could range from about $210 to $265.
What was the gold price in 1998 in Karachi?
The gold prices in Karachi in 1998 was 29375.22 which is equal to $288.70 here in the United States. Gold Prices have had roller coaster exchange rate for the last few years but is now on the rise.
Will the Gold Prices Continue to rise?
Gold will rise as long as governments cotinue to print money (that's something which they can't resist - see for example the last US crysis)) and as long as its resources dwindle
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.
What makes holiday prices rise in summer?
According to me very common reason behind this is increasing demand which make holiday price rise in summer.
How much cash do you get for your gold?
This all depends on how much gold you are trading in. As of June 2011, the current gold rate is $1547.20 per ounce. Gold prices have continued to rise, and will most likely to continue to do so.
When prices rise what happens to income?
When prices rise, income buys less.
How is today's gold prices increase or decrease?
as with any product, prices will fluctuate with demand and supply. if the demand increases or supply is reduced, prices will rise. if demand falls or there surplus supply, the opposite also occurs.
What are current the commodity gold prices?
The current gold prices are $1277 per troy ounce. The value of gold has been going down in value for a long period of time, which makes it cheaper and cheaper every day (estimated).
