Gold Price Knowledge Base
Gold price? what is the current price of gold in Indonesia
gold price? why the gold price up when the Dollars go down in international market?
How much can i sell my 1gram of Pure 999.9 gold base on today currently market price? also much of the 1gram pure gold make 1oz and what is the price to sell 1oz 999.9 gold because i have a lot of those 1 gram gold that was left from my great grandparents and my grandprarent. so im not sure if today price is good enought to sell it or that i should keep it for a longer preiod, but then im afraid gold price might drop next year. so what u recommend?
How can the price of gold drop significantly? I have seen gold prices go up and down in recent years, anywhere from $600 to $1000, but it always seems to remain in that monetary ballpark. What would it take to make gold prices go way down, say to less than $400, short of some major gold mining discovery?
Why is the gold price going down? Everything is going up these days. Even though the oil price has come down a li'l bit, it has been hiking like whatchamacallit a while ago, and I think it can resume its upward pace any time soon. Economy is down. Inflation is high. So I guess people are prone to hoard up some gold in this situation. But the gold price is going down, why? Maybe it has come up too much for the last several years?
Why the gold price is dropping now ? I wondering what is the reason behind the gold price drop ? Whether i can purchase some gold as savings now or wait for some more drop in price ?
When the gold price goes down, is that good? So I am a beginner at this but in light of recent events i am trying to learn. So say the gold stock is now at 34.59 and it drops -.17 then is that good or bad. From what I understand the lower the gold price the better the economy. So say the gold is 34.59 and it goes up +.75 then would that be bad?
Traders: Is the price of gold being manipulated by the Feds? I believe it is. But now that we have a new Chairman of the Federal Reseerve Board, the practice of using (illegal) Gold Swaps with foreign countries is going to stop and gold prices will fall in line with historical action. Coupled with rising inflation and US interest rates, the nominal price of gold will rise to over $2000 an ounce. Assuming all of the above is true and the spot price of gold will reach its peak in May of 2008, what is the best way to make as much money as possible with the least risk?
Why is the gold price falling? The stock market has fallen quite a lot again today. Can anyone explain to me why the gold price is also falling sharply? Usually when the stocks fall, the gold price rises.
What will the gold price be soon? Gold price just hit $1100, the first time and the highest in history. Will it go higher? Or will it stay? If it'll go down, when will it happen?
How does the price of gold affect the price of a gold mining companys stock? Lets say that for one day a gold mining company's' stock was not allowed to be traded (so supply and demand of the stock had no play) and at the same time gold went up $300 an ounce. Without anyone having traded the stock... would the price of the stock automatically go up? (because the price of gold is directly related to the profits of the company)
How does the Rand/dollar exchange rate affect the price of gold? I'm very new to investing but I'd like to start and was looking at buying krugerrands. At the moment though the price of gold is sky-high and may rise or fall... I was just wondering if this has anything to do with the rand/ dollar exchange rate as gold is bought in dollars. And since the 2010 world cup soccer is held in South Africa next year, I'm guessing the rand will become stronger. (Am I wrong?) Should I invest now, or should I rather wait until the rand is stronger?
Is it true that OPEC pegs the price of oil to gold because the USA broke the Bretton Woods accord? In other words, they base the price of oil on gold because we refuse to base our dollars on gold? When dollars fall, gold goes up and oils follows suit. The Oil shortage of 1973 was the result of the USA inflating it's dollar, which was backed by oil instead of gold. If the USA continues to fund it's budget with printing paper money not backed by gold, we will price ourselves right out of gasoline?
Wasn't it particularly silly of the Labour government to sell our Gold reserves for a lousy price? Gordon Brown and the Labour party used to accuse the Conservative Government of 'selling the family silver' when privatisation measures were introduced. They then enthusiastically started privatisations themselves and rather ironically sold a large part of British gold reserves for rock bottom prices. Now that gold prices are so much higher - don't they look a bit stupid and shortsighted?
Website for Singapore retailer gold price? I'm looking for a website (singapore) which provides up-to-date retailer gold price. previously there was Singapore jewellers association which provide such but no longer doing so.
Will the price of gold continue to go up? I was wondering if anyone could make an educated prediction on weather or not the price of gold will continue to go up? If so can someone please state why and please only respond with serious answers. Remember that the best answer is worth 10 points. Thanks to everyone in advance for serious replies.
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