Substantial changes have taken place during the past decade in the evolution of the metal market, particularly gold assets.
As a result of these economic, but also social changes taking place at the beginning of the 21st Century, a recent report about the evolution of the gold became necessary in order to determine whether these assets are reliable or not.
Starting from the 1980s, the gold market has had periods of ups and downs, depending on the surrounding social and political context.
Although it has reached an impressive price of 850$ per ounce in the 80s, the yellow metal has gradually lost its power bottoming out in 1999 with a cost of 250$ per ounce.
This economic downfall was caused by banks' decision to sell their gold reserves and by investors purchasing more and more precious metal.
The beginning of the 21st Century has brought an increase in the value of gold primarily because banks stopped the sales.
Surprisingly, as opposed to the 80s when the inflationary forces favored the economic growth of the yellow metal, in 2006, it was the deflation and the political issues going on in Afghanistan that determined people to buy more and more gold.
Thus, the weak power of the currency frightened many investors who turned their attention towards more tangible assets, including precious metal.
In 2008, the price of gold has reached the highest quotation with 1,000$ per ounce, but the following year, investors' interest in demand commodities caused the yellow metal to lose several hundred dollars from its value.
The current year and most likely 2011 and 2012 are, according to financial experts extremely favorable for gold investments.
The precious metal is currently sold with 1,380$ an ounce, that is, the highest price to be registered in the history of the metal.
Future estimates sound all the more promising as the inflation will most likely boost the monetary worth of these assets.
During the periods of economic reflation products become more expensive, whereas currencies lose their buying power.
For that matter, people should hurry and purchase gold bullion as this last train to prosperity won't be here for too long.
As a result of these economic, but also social changes taking place at the beginning of the 21st Century, a recent report about the evolution of the gold became necessary in order to determine whether these assets are reliable or not.
Starting from the 1980s, the gold market has had periods of ups and downs, depending on the surrounding social and political context.
Although it has reached an impressive price of 850$ per ounce in the 80s, the yellow metal has gradually lost its power bottoming out in 1999 with a cost of 250$ per ounce.
This economic downfall was caused by banks' decision to sell their gold reserves and by investors purchasing more and more precious metal.
The beginning of the 21st Century has brought an increase in the value of gold primarily because banks stopped the sales.
Surprisingly, as opposed to the 80s when the inflationary forces favored the economic growth of the yellow metal, in 2006, it was the deflation and the political issues going on in Afghanistan that determined people to buy more and more gold.
Thus, the weak power of the currency frightened many investors who turned their attention towards more tangible assets, including precious metal.
In 2008, the price of gold has reached the highest quotation with 1,000$ per ounce, but the following year, investors' interest in demand commodities caused the yellow metal to lose several hundred dollars from its value.
The current year and most likely 2011 and 2012 are, according to financial experts extremely favorable for gold investments.
The precious metal is currently sold with 1,380$ an ounce, that is, the highest price to be registered in the history of the metal.
Future estimates sound all the more promising as the inflation will most likely boost the monetary worth of these assets.
During the periods of economic reflation products become more expensive, whereas currencies lose their buying power.
For that matter, people should hurry and purchase gold bullion as this last train to prosperity won't be here for too long.