What make the price of gold go up and down?
467045
The price of gold is generally determined by demand, not supply since supply is relatively constant but demand is not. Demand for gold is driven by fear, greed and uncertainty. When there is a lack of fear, greed and uncertainty, the price of gold falls.  Perhaps it is not correct to say a lack of greed. There is always greed. It is just that greed can change its focus. When the price of gold increases greed tends to focus on gold. \n\nThe price is also affected by interest rates. When interest rates are low, as they have been for the past 5 years, money tends to come out of savings and go into alternative investments such as gold. When interest rates are high, it becomes more attractive to save money.\n\nNow with the U S waging war and the price of oil heading north, and U S jobs being shipped to China and India, there is a lot of fear and uncertainty out there. Then as the price of gold rises, it tickles the old greed bone, which adds to demand. The fact that interest rates are now rising is a mitigating circumstance.
406502
Prospects of golddigging .
195495
Gold is sold by the ounce. Find out the cirrent market value for gold and that's where you get your price.
811382
There are 4 sources of gold.  mine production,  hords, reclamation from recycling and government stocks.\n\nmine production is pretty much constant until new mines come on stream.  There is a very long lead time to bring a mine up.  Hords tend to not increase supply at all because as the price increases, people tend to add to their hords.  Recycling is a pretty much constant supply.  That leaves government stocks.  Governments have been know to release their stocks as prices increase so that is the only short term possible addition to inceases to supply.  As for decreases, the same pretty much hold true except for hords.  After a large run up in prices, at a sharp drop in prices hord holdings tend to be released to the market further driving prices down.
52354
Gold closed today at $534.00US per ounce. It would cost you that plus a commission to purchase. You can buy less than an ounce. Commissions vary depending on amount and form, i.e., bullion, coins, etc. purchased. Check your local coin shop.\n\nhttp://www.monex.com/monex/controller?pageid=prices
583455
gold prices are not bound to come down anywhere in the world..even in the US.\n\nso long dollar was the reserve currency of many countries..as dollar begins to depreciate against major currency[the reason we all know] governments are moving to more stable form of investment\n\ntime and over gold is proved to be a gold metal for investment.. \n\ncurrent sources point that japnese govts and many other asian govts are investing heavily in gold, causing the price to sky rocket\n\nyes they wil come down , when we start to find another stable currency
326796
The amount of money in circulation has nothing to do with the price of Gold or Silver. The dollar is not tied to either commodity. The dollar floats and is only tied to the "good will" of the US Government.
645600
True.  If the Aus$ is going to go down in value, then Austrailia needs to be pay higher interest rates to make up for the loss in value of its currency.
970517
First of all prices of resources are supposed to be set by supply, demand, and production costs.\n\nI have done considerable research and found that Thomas Jefferson tried to link set amounts of Gold-Silver-Copper-Wheatgrains and labor {man hours needed to produce these products} together to accomplish stable prices, for all products, without inflation.\nIf you are an American you may have read that Gold and Silver, used as money, is still mandated by the U.S. Constitution. The USA had almost zero inflation for about 130 years under the Gold standard. \n\nUnfortunately, Jefferson couldn't predict the supply and demand side of the equation.\nWhich in some cases, in later years,  produced governmental pricing of products, a practice now outlawed which is called, price fixing.\n\nThe bottom line is:\nProducers add costs of production and a profit into the price they charge for the finished product. If they have a monopoly on their product, they can charge anything they want. That's why compitition on products keeps prices lower.\n\nGovernments are not in the business of producing products. Therefore, it is my opinion they are not qualified to set prices on products.\n\nOne other point, the dollar is supposed to get it's value by adding together the value of a country's resources, and subtracting the amount of government debt incurred. However using unbacked paper money, prices on resources can be inflated to overcome the debt burden side of the equation, to give the illusion of a strong dollar, on the world market. \n\nI hope this answer is somewhat understandable.
1047483
Go to: www.e-gold.com and read about it.
274743
Limited effect. Thirty years ago, everyone and their grandmother was saying the same thing when gold was valued only in dollars. \nAfter, other nation started using their currencies, arbitrageurs, speculators made the market so efficient \nthat nothing happenned.\nThey were wrong 30 years ago, they are wrong now.\nBy now, the effect is priced on all financial markets.
146355
The price of gold is now rising because mining companies do not find it profitable to mine for gold as the amount that come out the mines are not as much as they used to get.\n\nWhen companies mine for gold, they also mine other materials, but now targeting gold is less profitable, so they have to target a more profitable mineral, and whatever gold they get is a bonus, therefor less gold is comming out the mine, so the less gold available, the higher the price goes.
488810
There are many.  Study the past few years.  Gold has been a great investment over the past year, but now it is going  down.  So buy something low and sell it high.  I think you should put some money into an online brokerage and buy a few stocks.   Right now world markets are down from their highs because interest rates have been going up in the USA.
1105988
Gold has actually had a really good run recently.  Historically speaking gold has returned about the rate of inflation over the last 40 years.  So gold will do well, relatively speaking, in times of inflation.  Speculators will buy gold if they think inflation is coming and drive up the price.  So it's sensitive to speculation, as all commodities are.  Long term equities have proven to be a much better purchase.\n\nTo learn more about investing and finance you can listen to my podcast, the #1 rated in the world for personal finance.  It's www.promoneytalk.com\n\nHope this helps,\n\nJason
798747
Gold in the us is sold by the troy ounce.  \n\n New York Spot Price\n   \n \n  GOLD\n 11/30/2006\n 13:30\n  647.40\n +11.60\n  \n  SILVER\n 11/30/2006\n \n 13.98\n +0.36\n  \n  PLATINUM\n 11/30/2006\n 13:15\n  1184.00\n +27.00\n  \n  PALLADIUM\n 11/30/2006\n 13:28\n 328.00\n  +10.00
710554
They are both commodities which do not directly affect each other.  Although, if the price of crude grows to a high dollar amount, it may stunt growth and slow spending in the market there by lowering stock prices (making gold a more attractive investment option).  Same goes for if oil drops, the economy will most likely prosper and gold won't be as attractive (i.e. the 90's).
62144
IMO Gold is an "insurance policy" not an investment.  \n\nIn general, gold rises under a few conditions: \nEconomic instability\nLowering value of the dollar\nIncreased inflation\n\nYou can certainly speculate by buying gold, but you're betting that one of the above conditions takes place or increases in magnitude.  \n\nOver time, gold has shown itself to be a poor investment in comparison to stocks, bonds etc. But an excellent hedge against inflation and monetary collapse.\n\nNowadays many people think that a repeat of 1929 - 1939 is impossible. It is not.  It is prudent for anyone to have a portion of their portfolio in gold as insurance against a similar future collapse because gold has historically been a store of value from ancient times to today.