Who does not love gold? Whether it is man or woman, whether you are wearing gold ornaments or buying gold biscuits or coins for investment, it is up to you completely. The major truth however revolves around 1 important question – why are people so crazy about gold? Is gold really worth buying and keeping them with you? Or is it really a good practice to keep buying gold all throughout your lifetime and maintain a constant investment cash flow? Well, whatever the reason may be, the money your gold is worth of, will never change even if it is for investment or just to wear the ornaments.visit us now for more detailed information.
Gold prices have hardly gone down since decades. Though the prices might slightly increase every year, there are hardly any or very few instances where the prices may decrease slightly. From the 12 consecutive years, the yellow metal has been raising its price and has settled down to $1,202. Many optimistic predictions state that the prices will keep on increasing in the forthcoming years. Below section speaks about the predictions for 2014 as defined by most of the renowned and authentic sources.
As per RBC, UBS as well as Nomura analysts, gold price will still increase in 2014. Nomura Securities have predicted that in 2014, gold price will definitely increase from $1,140 to $1,340. Also, the 2015 forecast says that the price might further increase to $1,400/oz from the rate we currently have. However, RBC capital has quoted a much higher price of $1,400. UBS analyst predicted the gold price from $1,200 to around $1,350.visit http://www.goldinmind.com/gold-updates-news/gold-price-forecasts.html for more detailed information.
This clearly means there there is a more positive shift of sentiments as compared to 2013. On the other hand, Goldman Sachs mentions that the gold price may or may not get back to its level because of the initial half a year when the value was pretty much good around $1,500 that time.Goldman Sachs also expects that there might be a pick up in the US recovery and also there might be a plunge next year which predicts gold to be an average of $1,165 next year.
While there is always a bit of fluctuations as gold price directly depends on the nation’s economy, predictions still have a positive opinion on the ever increasing prices of gold. However, there are no big signs after last week’s job surge. However, as per the reports sent by Barclays, investors are not supposed to trust the upturns of gold as the prices might fluctuate in the upcoming days. They should be prepared to sell them for any prices this year.
Besides this, gold held in exchange traded products also is increasing by 1.5 metric tons as this data is authentic and comes from the Bloomberg show. Currently, the value of the assets dropped to $73 billion during last year. This is one of the lowest trading prices ever since 2009.