Why the Gold price is going up?

Iconoclast

Chief Minister (5k+ posts)
Why the Gold prices keep going up? Will there ever be a limit?
Fundamentally? Gold deposites are depleting while it's uses are varied. You can't create it artificially and the current processes are too expensive to be of any use....
Go check the price chart of gold in international market.
In short gold prices will keep going up with time unless of course we start mining asteroids for gold but that too comes with its own bottlenecks.
 

Iconoclast

Chief Minister (5k+ posts)
how gold prices are determined?
Whales (those traders who hold a large quantity determine its price...they pump and dump it they win whether the price goes up or down.
Look into trading, long and short trads and whales, things will clear up.
That plus demand and supply. Almost all electronics and all spacecraft and satellites etc have a large quantity of gold in them...
 

Dawood Hassan

Minister (2k+ posts)
Premium Member
Fundamentally? Gold deposites are depleting while it's uses are varied. You can't create it artificially and the current processes are too expensive to be of any use....
Go check the price chart of gold in international market.
In short gold prices will keep going up with time unless of course we start mining asteroids for gold but that too comes with its own bottlenecks.
how gold prices are determined?
 

MHAMZA

Minister (2k+ posts)
Gold prices are going up with respect to fiduciary currency which has no fixed intrinsic value.
If you compare price of gold against commodities and other metals it is almost stable over many many years.
In reality the currencies of the world are losing value .
 
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