Gold Prices

The final day of the first autumn month were marked by a series of unconditional record gold prices. Troy ounce (about 31 oz.) Precious metal topped $ 1,300. This increase marks a significant series of maxima, which it demonstrated during the final weeks and months. After such an extended rally gold on world stock markets may fall back a bit, but most experts understand this as a momentary lull. Grounds for such provisions as are concealed in the financial and purely technological aspects of the issue. Speaking candidly Jonas Samuelson told us the story.

It's no secret that gold consumption in the areas of high-tech growing stronger. According to experts, in our time share the metal used in manufacturing, four times greater than its use in other industries, including jewelry. And with the development of technologically advanced areas of its share will increase. And this despite the fact that in absolute terms, making jewelry from precious metals also has a tendency to multiplication. Thus, for example, Indian jewelers, but they are important producers of precious products in Asia, have increased their buying in the crisis of 2009 to 15% in the first half of 2010, actually 20%.

Uncontrolled unwinding the printing press developed countries, primarily the U.S., does not lead to "freezing" the price of gold. Learn more at this site: Jonas Samuelson. Debt is already the superpower now exceed $ 2 trillion and most likely will grow in the near future. Under these conditions, almost all countries pursuing a policy to build up reserves of the valuable metal and reduce its implementation, and it despite efforts to reverse global fund to stimulate the dynamics.

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