If you have been following the gold price and watching the metals markets, you know it’s been volatile. August 2011 was a promising time for gold when it was at $1900 an ounce, and then it took a hit.
With the prices going up and down in the metals market, it’s hard to make sense of it all. However, if you take a bit of time to look at the economy, you’ll notice that jobs are down and spending is down. So, wouldn’t it make sense that gold would go up while the dollar is going down?
While the gold price is now making a comeback after a bit of a slump this year, it’s time to talk about why we need to pay closer attention to the markets, what they are doing, and how we can all prepare for a more secure future.
If you have been wondering what affects gold price, consider that gold is something we can still mine today and it’ a natural resource. While it’s not as prevalent in the US as it is in South Africa, it’s still available.
There are many hot spots there to mine, and many folks are attempting to go there to mine although it’s not well received by the country of Africa. However, Steve Briese, publisher of the Bullish Review, had plenty to say in regards to gold making a rebound now that it’s back up to $1300 an ounce. Having not seen this for a while Briese appears confident that gold value is back up.
Although many disagree with his predictions, it’s been easy to be confident when gold goes up and somewhat negative when it goes down. So, what do you need to know about what to look for when it comes to the price of gold?
- When the economy is bad gold goes up
- When the economy is good gold goes down
- When the media announces that the Real Estate market is on the rebound people buy
- When the media projects a downturn people want to sell off
Where do we turn for the truth? Who is it that we should be listening too in order to get the most accurate picture of what is really happening in the grander scheme of things?
In some cases, it’s what your gut tells you but it’s also learning more about what economic trends tell us.
Gold Price and What’s Coming
The future may feel really uncertain, and with having said that you should be comfortable shifting into the mindset that buying gold when the dollar goes away is your best and smartest option.
Buying gold is way to protect your future, so you can buy food for your family and pay any debts you owe. Your best bet in this life, is to assume you’ll need more and simply put, spend less. Stockpile now by taking your paper money and buying gold so that you’ll have insurance for living.
Now that you know the gold price is volatile, but you need it for the future, go HERE to learn how you can buy from the comfort of your own home!
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