What is the value of gold?You should invest in precious metals before the prices increase.![]() Why the price for gold is rising - An overview
Gold reserves are running empty.Because the demand for gold is increasing permanently, the known gold deposits are running low fast. According to scientific calculations only 45.300 tonnes of the precious metal can be mined. With a current gold production of 2.400 tonnes per year the remaining life span of the reserves lies within 30 years. In contrast to that - at present 4.000 tonnes of gold are demanded every year.Goldboom in AsiaOne reason for the increasing demand is the goldboom in Asia. For example for some time past private investors in China are allowed again to unrestrictedly acquire gold. Alone the chinese demand for the shiny metal will increase up to 600 tonnes yearly - according to the Investment house Merrill Lynch.The price is increasingThe trend of prices of a come to a close raw material can be understood on the example of the heavy metal indium. Its reserves will be used up in less than 10 years. Indium is used e.g. for the increasing production of flatscreens and touchscreens. The raw material price skyrocketed from 100 up to 1.100 US-Dollar per kilo in a period of only two years.Due to such development forecasts one needs to assume that the price for gold will rise enormously also.
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