Wednesday, February 9, 2011

WHY GOLD PRICE IS RISING???


Gold and its prices are on everyone's tongue.
It has the strength to face not only inflation but also a great opportunity to have input.
People all over the world are putting the money but it also has been engaged largely speculative.

Money news a report is $102 billion of speculative on gold  therefore  speculator(sstoriye) are not falling the gold price.Although gold is not something that his prices or further to reach these heights.
but weakness of  dollar and inflation increased the price of gold and many big investors also invested on it and  then the central banks in many countries including India, have invested great way gold prices because of the increased. But now gold has been feeling so much money that it seems very unlikely to go down. speculators  would not let down its prices too.
Current situation is not like the '80s when the Hunt brothers of betting own gold - silver prices had reached historic heights.
But different - different countries speculators play there own game. Experts believe that gold prices currently very low in this condition will not.
U.S. newspaper Wall Street Journal so far as to say that gold prices can go up to 30 percent in 2011.

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