What Happens with Gold?

Published by Ben under Business on Friday 20 February 2009

gold1What happen with gold price in this month? It has been increasing till know and it is nearly to the thousand dollar per troy ounce, almost passes the old record which stands for a year in the number of thousand dollar. I think the speculators are looking for new commodity which they can take as the new play after failed with the oil price. If you want to invest gold, absolutely this is not the right time because the price is really high. Many people will wait and see the next changing and trend. It is difficult time for people who have business related to the gold and jewelry because in the high price level, there is almost no buyer but only left seller, the people who want to get profit by selling their gold saving. How much money do the stores have to buy all gold from people in this situation? I hope gold price will come back to the normal immediately.

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