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Over the past three years, the market has seen the value of gold jump from $400 to $1,100 per ounce. Some analysts are forecasting that the price of gold will continue to rise in 2010 making it a good time to invest your money in gold bars.
This speculation is fuelled by gold’s relation to the falling U.S dollar. As the value of the dollar appears to remain unstable the price of gold is forecast to increase in the foreseeable future.
Investors can also take note that many investment banks are looking to increase their central bank reserves, which will further increase demand for gold. If supply does not keep up as envisaged, this in turn will push up the value of gold.
Forecasters predict that 2010 will see an increase of private individuals turning to the gold market looking for a good return. With enough compelling evidence and facts, analysts feel confident in recommending gold bullion as a wise investment in the coming year. |