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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.

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14y ago

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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 $$$gold$$$


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 does idle speculation mean?

speculation that is unlikely to be true


When was Pure Speculation created?

Pure Speculation was created in 2005.


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 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


What is today's price of gold per gram?

The soft yellow gold market is subject to price speculation over the last two decade does not has price control never has stable price every minute lost the value, I thing it's a big fraud .


Can the price increase of gold create a increase in the supply of dollars in the SA foreign exchange market?

The price of the soft yellow gold metal never again increase or create to increase in the supply of U.S. Dollars in the SA foreign exchange market, because in U.S.A. from 1971 the President Richard Nixon sing a law, the yellow gold soft metal it is not run with the U.S.Dollars; in today market in the U.S. Government the soft yellow gold does not has value in U.S. Dollars; only consumers speculation in the spot world market !!! The people in the world market has to know,the yellow gold metal market is subject to price speculation scam over the last two decades!


What is the meaning bobble speculation?

The question has been rephrased to; what is the meaning of bobble speculation.


How would you use the word speculation in a sentence?

he knew the stock was a speculation when he bought it