Price of Gold Could Rise to $5000, says President of the EPC

Gold is the preferred choice of investment by people to secure their wealth when global and domestic crises threaten to hit finances. Gold prices are recovering despite the ongoing problems in the Mideast, Europe’s credit crisis and the American budget issues. Gold futures are currently trading below $1,700 an ounce, after reaching their peak at a little above $1,900 in June 2011. Goldman Sachs has warned of the increasing downside risks to gold, while decreasing its 12-month price prediction by 7.2% to $1,800 an ounce. Goldman Sachs was quoted saying that the price of gold is close to an … [Read more...]

Gold Trading Benefits

gold benefits

Raising Funds through Gold Trading  Gold struck another high on 18th June 2010 at $1250 per ounce. There are many benefits to trading gold; some of the benefits include the steady prices of gold despite the economic changes, safety, potential for profits and less paper work. Options for Trading Gold Gold trading usually uses bullion coins which are government issued and are of different types that determines the coins prices. However, bullion coins are not numismatic or rare gold coins which are dependent on the quality, rarity and bullion content. There are many types of gold … [Read more...]