Tuesday 30 April 2013

Gold Price Rebounding

Gold Price Rebounding : Live Charts from FXCM
So much for wanting to collect Gold at a much lower price! I've been recommending friends and family to collect at below USD1400, but looks like it is heading to USD1500 soon! Expect more volatility before it heads vertical!

The smarter strategy is to buy half of your investment amount now, and another half later. There might be a possibility of collecting at a much lower price, some estimates put it at USD1100. It is wise to bear in mind that most gold producers have a production price of around USD1200 to USD1300, and at current prices they are barely scraping a profit. 
When prices are so low, they have to close shop and stop producing!!! 

So, when shortages happen.....BOOM! Prices go VERTICAL. Make your own conclusions. 


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