Will Gold Price Go Up Forever? Our take on this topic.
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Gold has been a safe haven for centuries and has been used as a means of exchange longer than anything else on the planet.
Its ability to maintain a high value sets it apart from other assets. As a result, investors flock to the security this shiny metal offers during times of economic crisis or upheaval.
But with changes in global economies, politics, and the emergence of other assets – especially cryptocurrencies – Can gold prices continue to rise?
Do a quick online search, and you’ll discover 100s (even 1000s) of opinions from the world’s top economists about where gold prices will be five, ten, or even 100 years from now.
And the one thing they all have in common is that they’re all different.
During my days at the bank, every January, we would gather in a big conference room to hear our economists give their predictions about the coming year.
And we had a running joke that they were the only employees that could be wrong 100% of the time and still keep their jobs.
Because the year never turned out the way they predicted.
So unlike other articles that proudly boast that they know where the price of gold will be in the future, we’re going to look at the factors that drive prices.
Let’s discover if this precious metal can continue to rise or if it has lost its luster.
Full article: https://goldandsilvercentral.com/will-gold-price-go-up-forever/
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