Price of Gold is Risingbullionexchanges
The seven-year bear market is in its culmination, with the broad stock market crashing—gold and the precious metals market will continue to ascend. The International Monetary Fund (IMF) Global Financial Stability Report states that investors should include gold in their portfolios for both short and long-term investment goals. “Gold is one of the most liquid assets in the world and could be sourced should we enter crisis times” the report confirms.
Buyers have always seen gold as a security net against both economic and market fallout. With the slowdown of U.S. economic growth in the past months as well as the escalating trade war with China, gold prices are being driven up. Gold is headed to the $1250 mark says Naeem Aslam, Chief Market Analyst at Think Markets.
The gold market, long underrated, is growing. Although in the 2008 crash we saw precious metals worth go down, this will not be so in the upcoming foreseen stock market crash. The outlook for the U.S. dollar continues to be grim and experts warn to increase investment and retirement portfolios to more than paper money. China and Russia continue to build up substantial gold reserves, which could be used to back their currencies and detach from the U.S. dollar. If we see China dump its U.S. treasury hoard—the U.S. economy could potentially collapse. Therefore, as we watch the stock market drop, the gold market is going to continue to build. Gold has always been a safe bet when the U.S. dollar weakens.
The newest Bull Market starts with the most substantial volume and gold price for over two years. Precious metals stocks are booming, and the value of gold will continue to rise. Now is the time to buy. Massive gains in gold value will continue to grow. Gold is now at an all-time high, up 6.1% this year and 2.8% in October. The weakened U.S. dollar has caused highly volatile stocks and rising Treasury rates. Remember to always purchase gold through a reputable dealer like Bullion Exchanges. We are happy to help you through the safe and secure buying process.