Why gold price is going up and up?
609194
When other things become unstable e.g. the US dollar, oil prices etc. people tend to go back to good old gold.
684021
If the oil proce goes up then the gold also will go up
606559
THere are gold mines throughout the world. The largest mines are in Russia and So. Africa. There are many mines in the US West, and now, with the price over $700 per ounce, there is enough incentive to start digging again. \n\nThe problem is that the "easy" gold has largely been extracted already. The remaining gold is such a small proportion of the mined ore, that it's getting increasingly expensive to process.
487213
i try to keep up on this stuff, right now inventories are high and demand is lowering,,,however the price is staying high due to commodity traders anticapating a demand spike as summer gets closer.
1180092
For some top forecasts on gold’s direction, visit the site below:\n\nI like the real GOLD nuggets. \n\nAs most gold is mined as very fine dust and tiny nuggets, the larger (over 1oz) nuggets are very rare! Actually they are as rare as large diamonds!\n\nI would suggest you look into large nuggets!\n\nTo see the 'live' spot NY gold price and some museum size gold nuggets I suggest you visit a great site I found a few months ago. I purchase a few nuggets from them just about a month ago, and not only are they beautiful to look at but in just the last few weeks they have really moved up in value!\n\nI'm actually saving to purchase others!\n\nThe site is:\n http://www.california-gold-rush-miner.us\nhttp://www.california-gold-rush-miner.us/australia-gold-nuggets.htm\nhttp://www.california-gold-rush-miner.us/crystalline-gold-miner.htm\nhttp://california-gold-nuggets-miner.blogspot.com
19084
It's a comodity that's traded on a comodities market. Supply and demand determine the price each month which is why it goes up and down.
516115
Robert Kiyosaki says it's because the dollar has lost so much value.  The only thing worth anything is real estate and commodities like gold, oil, etc.\n\nI read an article that it has something to do with the chinese super-rich buying up a lot of gold things.\n\nAnd then, there's always the popular stuff about it being the safest place to hedge against global turmoil.  So, maybe people are afraid of civilization collapsing soon.
392189
The price depends on supply and demand.\nCurrently demand is high as the world economy is expanding.
308489
Gold and other precious metals are highly unpredictable, and  there will always be some experts who think it will be higher and other experts who think it will be lower.  There is no consensus.
616423
Gold prices are effected by world circumstances. This means when time are rocky (like the 9/11 terrorist attack) people tend to invest in solid dependable things like gold. This forces the price up because everybody wants it. When things are a bit more secure people sell their gold to by other stocks, so the price does down. This is a simplification but over all it not to wide of the mark.\n\nInterestingly someone told me the other day that three quaters of the world's Gold already been mined!
855012
Most people refinanced their homes to get out of credit card debt.  Gold only went up because of inflation.  If inflation drops, then gold prices will drop as well.
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.
716856
Since a price of gold closed on the NYSE at $627.20 on November 3, 2006 (see: http://goldinfo.net/gold1.html) a ton of gold would be $20,070,400.00 (since there are 32,000 ounces in a ton).  \n\nHave a good day!!!
1158225
As interest rates go up, people start saving money and putting it into the bank.  This makes money worth more since people are not spending it as much (kinda like supply and demand).
727477
About $620 per ounce. Their is a market for gold and the price is determined by the law of supply and demand.\n\nYou can find the numbers and charts here:\nhttp://www.kitco.com/market/
1140134
Nobody knows what the price of gold will do in the future.  If someone claims to know, they are fooling themselves or trying to fool you.\n\nYou could sell a portion of your gold (1 coin at a time, or whatever) at regular intervals, say each week or each month.  That way if it keeps going down, you're getting some money out at today's relatively higher price.  If it goes back up, you'll still have some left to sell at the higher price.  Good luck.
463103
I've gotten a TON of it too in one of my accounts.  \n\nI think you're reasoning is rihgt.  they are just trying to raise the price so they can profit.