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What is the future of the value of gold?

  1. J.S.Matthew profile image84
    J.S.Matthewposted 6 years ago

    What is the future of the value of gold?

  2. davenmidtown profile image88
    davenmidtownposted 6 years ago

    That would depend on how you define future.  Gold is always tied to the US dollar in terms of cost.  If the US dollar becomes worth less then it then the future of gold will be very bright.  If the dollar regains its value then the future of gold will not be as bright as it is in today's inflated market.  Gold will always have a future because it is both a currency and a commodity.

  3. HERBCYCLOPEDIA profile image59
    HERBCYCLOPEDIAposted 6 years ago

    I believe this will very much depend on Europe's and US future, if the need in Italy, Portugal, Ireland, Spain and many other countries force them to start selling gold reserves the price will drastically go down, but if they manage to keep them and the dollar and euro continues to depreciate then gold will gradually keep getting higher values over the years.

  4. Rock_nj profile image91
    Rock_njposted 6 years ago

    Gold could certainly continue to increase in value in coming years for two primary reasons:

    1)  Gold production is declining over time.  We may have reached peak gold where demand is outstripping supply, which causes the price of gold to increase.

    2)  Government debt in the U.S. and Europe may cause continued curency debasing, which makes gold a compelling hard asset to own.

    I wrote an article about this at:  http://www.stockrockandroll.com/?s=gold+bull+run