So you want to know about gold prices, well here is some information to inform you about the price of gold and whether or not to invest in it. With precious metals it is all about investing and getting more money in the long run. (Image by Bank of England via Flickr)
As of right now gold prices are down a little, but if you knew that price that still would not matter much to you. This is only temporary and they will be picking back up soon. Once the Federal Reserve starts doing their part and manipulating things the way that they need to be, the prices will increase again for gold and actually go up higher.
When traders buy gold futures, unless they want to take delivery of physical gold, they must sell expiring futures contracts and roll their positions out to a later month. Typically, as a near contract approaches expiry, it will trade at a discount to the spot price as selling reaches a climax. This is happening right now to the February contract and there is nothing unusual about that.
What happens sometimes is that some contracts have expiration dates that traders are not worries about as much when things go the other way. When this happens they can still profit while getting a contract for the next month.
We remain positive on the long-term outlook for gold prices. Even though it sounds counterintuitive, inflation is being held in check by zero interest rates. Once the Fed starts to raise interest rates back toward "normal" levels, that's when we will begin to see the inflationary impact of all the QE that has been dumped into the market.
The current price of gold reported in New York was close to $1600. This may be a low for gold but the price is still good enough to invest in after knowing all this information.
...Learn more and look at the chart for gold prices Gold Prices: The Yellow Metal's Still a Great Long-Term Investment
So from what you have learned you have nothing to fear when it comes to investing in gold, you are sure to make a profit because the prices are great and will go up.
As of right now gold prices are down a little, but if you knew that price that still would not matter much to you. This is only temporary and they will be picking back up soon. Once the Federal Reserve starts doing their part and manipulating things the way that they need to be, the prices will increase again for gold and actually go up higher.
When traders buy gold futures, unless they want to take delivery of physical gold, they must sell expiring futures contracts and roll their positions out to a later month. Typically, as a near contract approaches expiry, it will trade at a discount to the spot price as selling reaches a climax. This is happening right now to the February contract and there is nothing unusual about that.
What happens sometimes is that some contracts have expiration dates that traders are not worries about as much when things go the other way. When this happens they can still profit while getting a contract for the next month.
We remain positive on the long-term outlook for gold prices. Even though it sounds counterintuitive, inflation is being held in check by zero interest rates. Once the Fed starts to raise interest rates back toward "normal" levels, that's when we will begin to see the inflationary impact of all the QE that has been dumped into the market.
The current price of gold reported in New York was close to $1600. This may be a low for gold but the price is still good enough to invest in after knowing all this information.
...Learn more and look at the chart for gold prices Gold Prices: The Yellow Metal's Still a Great Long-Term Investment
So from what you have learned you have nothing to fear when it comes to investing in gold, you are sure to make a profit because the prices are great and will go up.
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If you are thinking about investing in gold, it is the best decision ever. Here is some advice on the the price of 1 ounce of gold
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