It can be said that there are “Seven Reasons why gold should surge”. Indeed there are many more valid reasons for major increases in the price of precious gold metals versus currencies.
Economics , simply supply and demand are the ultimate drivers of long term price trends. Economics all comes down in the end to “Supply and Demand”. If a worldwide surplus of a given commodity exists prices fall. If supply exceeds demand in the marketplace- you can be sure that prices will fall. If a shortage or a defecit exists , then you can be sure that prices will rise. The level at which the price trades today is not relevant. If it is in a bullish situation where the global demand growth exceeds its global supply growth , then the price will and must rise. Gold as a commodity is in such a situation of demand. Worldwide demand for gold far exceeds its demand.
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