Weekly gold market review 24.12.14
The global demand for gold grew considerably during 2014. Gold mining companies struggled to meet the demand and produced a bigger quantity of this metal than in 2013. However, in spite of the higher productivity, the price of gold increased. Besides the growing demand, experts gave the cause as the fact that people started to realize about the importance of investment in the future. As a result, people started to doubt about paper money as a legitimate currency, and turned to a more reliable and stable asset, that is gold.
The demand for gold was different depending on the country, but approximately equal in the increase, except for Russiadue to the fall of the ruble. Thus, the increase in the price of gold affected all the participants in the gold market, mostly in Russia.
In the previous reviews, it was stated that the price of gold is support by the following factors:
- Possible weakening of the US dollar.
- Trend of last decade during which the price of gold was raised from $ 400 to $ 1,200.
- Increase in gold mining production’s costs.
- People who want to save their capital against crisis.
- Jewelry consumption growth.
- Growing importance of gold in medicine, science and industry.
- Growing investment demand
An additional factor is the purchase of this precious metal by many Central Banks. It is obvious that gold is a safe investment for countries, investors as well as for ordinary people. . They all save their money against devaluation.
According to experts, the price of gold will gradually rise in 2015, so now it is the time to buy gold. The value of gold reserves will increase, and the demand for gold will be affected by external factors.
People who seek stability find the best solution in gold. In particular people have resorted to investment gold bars. There is a possibility that this precious metal will continue its growth to $1,920 per troy ounce, its maximum in 2011.
The clients of the Emgoldex company take advantage of the situation and preserve their capital in gold. In addition, they can get a high stable income through the marketing program of the company. That means, they can buy gold in the online store of the company and earn income recommending investment gold bullions, regardless of the price of gold in the market.
To buy gold, you are welcome to the online store.
Share this important information so that more people will learn about the opportunities to preserve and increase their capital by buying gold in the online store of Emgoldex!
Category: Gold news Publication date: 2014-12-24 11:39
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