The price of gold seems to be starting to go up again, and that should be welcome news for investors. The current price is $1611 per ounce, which is up $12 from yesterday. What does the rising price tell those who are on the fence about starting an investment? It should tell them that it’s a good time to start buying. Buying now would mean that those investors would be able to get more out of their investment in terms of the return. Many experts believe that gold could keep rising in the coming year, reaching $1700, or even $2000 by the end of the year. Of course, many things affect the gold price, so there is no way to predict what is going to happen.
Everything from problems in Europe and the Middle East to the state of the economy in the United States can cause fluctuations in the price of gold. However, when you look at the history of gold and the price changes that it’s gone through, you will see that the price has been going up steadily over the years. This is good news for investors. The longer you hold onto the gold the higher the price is likely to get. That is why most investors choose to hold onto their gold for a number of years. Continue reading