It will almost definitely increase. Demand is only going up as technologies progress and computers use gold in chipsets, and as emerging markets grow and more of the upper classes in those markets want to buy more gold. More importantly, though, it is getting harder and harder to mine gold as deposits closer to the surface start to run out. Of course, companies are developing technologies for deeper mining as well as deep sea mining, but those will take at least a few years. Until then at least, growth will continue.
I have friends in the mining industry and let me know tell you. The industry is complete crap and might remain so for quite some time. Gold demand driven by chip set makes no difference even if it doubles next year. It's such an insignificant portion of gold demand. Gold price is driven primary by investors using it as a vehicle. The secondary driving force is probably it's use in jewellery but use in chips... insignificant.
I was looking into gold as a physical investment and quickly gave up on that idea. It is obvious that anyone investing in gold right now is buying in at a bad price. What does it matter where gold goes in 2015? It's not a strong investment as it is.
Today is June 10, 2014. GOLD/AU is near $1200.00. Silver is the lowest in the past few years, also. That means the economy is getting better and better. We need to worry about how much money oil is per barrel.
I believe you are correct. I believe the price of gold will be near $1,100.00 by the end of the year. Yet, I don't believe our US currency is that strong. If our currency was that strong then the exchange rates would be better.
The price of gold will be increasing. There have been speculations that investors will back away from some of the most popular currencies. Precious metals will increase including gold.
We're going to be seeing serious inflation eventually. Sam Zell was even talking about it yesteray morning - he's very concerned, and I agree. Gold and silver have long been hedges against it.
I do think that it will go up. How much I have no idea? But I do not think that it will be that much.
I have to agree. We have seen a heck of a lot of quantitative easing in the past decade, and the bottom line is that you can't add dollars to the marketplace without the value of each dollar eventually going down. It's not a question of if there will be inflation to counter QE, it's a question of when. When it happens, the comparative price of Gold will go up, right along with all other commodities.
