2:50 AM
Throughout its history, gold has proven among all precious metals that it is the undisputed best safe haven to protect wealth from the dangers of inflation, economic turbulence, tensions and political turmoil. But it should be noted here that the frenzied speculation in the gold trade that occurs these days does not at all reflect the concept that we humans used for gold metal, the concept that used to make gold a refuge for every investor looking for a safe investment channel away from the risk of falling exchange rates Currencies, especially the main commercial currency, which is now represented by the US dollar and the resulting speculation in the financial markets and erosion in value.
Gold prices have doubled since 2005 and are now three times higher, with gold prices reaching a record high of $ 1900 per ounce after an ounce price of $ 445. That the rise is undoubtedly high, but the World Gold Council announced data that the demand for gold has fallen by 17% over the same period last year, which did not help push the price of gold to decline or even stability, but the opposite occurred completely.
The second point is that gold buying in the form of currencies and bullion in China and India has increased significantly while falling in both Europe and the United States, and this is different from what was also expected investors in this country are in dire need of a safe haven protects Their capital from the risks of inflation and economic instability resulting from the severe fall in the stock markets, bonds and debt crises in these markets.
Gold prices have doubled since 2005 and are now three times higher, with gold prices reaching a record high of $ 1900 per ounce after an ounce price of $ 445. That the rise is undoubtedly high, but the World Gold Council announced data that the demand for gold has fallen by 17% over the same period last year, which did not help push the price of gold to decline or even stability, but the opposite occurred completely.
The second point is that gold buying in the form of currencies and bullion in China and India has increased significantly while falling in both Europe and the United States, and this is different from what was also expected investors in this country are in dire need of a safe haven protects Their capital from the risks of inflation and economic instability resulting from the severe fall in the stock markets, bonds and debt crises in these markets.
As a result of both of the two points mentioned in the World Gold Council report we can conclude that gold prices are heading towards correction soon and gold will not continue to take long profits.
As well as the noticeable increase in the trend of speculators to gold rather than oil, which is constrained by many considerations because of the control of OPEC, which plays an important role in the global oil market, if we recognize that speculation is the most important fundamentals of service-based economy, which is based on Maximize assets.
The media also played a very important and distinctive role in escalating the matter to reach the price of gold to this degree, where the decision makers, analysts and experts feed the news sectors with exaggerated expectations clearly and large for the purpose of serving certain investment parties, and increased the media to say that some gold prices no longer $ 1900 per ounce and traded at a price higher than this value, while others announced that large institutions and central banks purchased large quantities of precious metal and was mentioned by a number of academics and researchers in committees formed to assess the causes of these crises.
It should be noted here that the price of gold in the coming period will have a very bad impact on those who bought large quantities of gold at high prices, it will not only apply to individuals, but will have a great impact on many institutions in the world as long as it happened and was named Gold Tricks.
As well as the noticeable increase in the trend of speculators to gold rather than oil, which is constrained by many considerations because of the control of OPEC, which plays an important role in the global oil market, if we recognize that speculation is the most important fundamentals of service-based economy, which is based on Maximize assets.
The media also played a very important and distinctive role in escalating the matter to reach the price of gold to this degree, where the decision makers, analysts and experts feed the news sectors with exaggerated expectations clearly and large for the purpose of serving certain investment parties, and increased the media to say that some gold prices no longer $ 1900 per ounce and traded at a price higher than this value, while others announced that large institutions and central banks purchased large quantities of precious metal and was mentioned by a number of academics and researchers in committees formed to assess the causes of these crises.
It should be noted here that the price of gold in the coming period will have a very bad impact on those who bought large quantities of gold at high prices, it will not only apply to individuals, but will have a great impact on many institutions in the world as long as it happened and was named Gold Tricks.
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