Thursday, February 14, 2013

Gold will continue to shine in 2013!

2012 was the eleventh consecutive year in which the price of gold has increased. End of 2002, one troy ounce (a little over 31 grams) of gold was worth just under $ 400. Today, you will pay $ 1,700 for the same amount of gold. It has long been the gold price rises. Is it time to take profits? Apparently not. Some analysts predict that 2013 will be a year of gold and hence any one may expect the uptrend of gold. Demand for gold may have declined in the third quarter and the following weeks, but chances are that 2013 is a good year for the precious metal.

The analysts see two reasons. First, we note that many central banks continue to run the printing press. History shows that it is associated with an increase in the price of gold. The second reason is the debt crisis, especially in Europe but also in the United States, where budget discussions are intense. Anyway, it seems that 2013 will be a year of great uncertainty, and it is always a fertile ground for potential gold boom. But predicting the price of gold over the next few months or years would be like trying to read the future in coffee grounds. However, most experts believe that gold will exceed the $ 1,800 mark in 2013. The biggest optimists even see the yellow metal flirting at $ 4,000 and more. Do you think gold will reach new heights in 2013 yet?


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