Can Gold Prices Reach $7,000 Per Ounce? spend in Gold Mining Stocks Just Now!

If you are a stock investor, you might have been taking a look at what's happening in the gold market. On May 7th, gold prices again breached the historical wall of ,200 per troy ounce for the second time after December 2009. Now when you invest in a junior gold mining stock company, the chances are that you can get all the benefits of the growth in the prices of gold while at the same time taking benefit of the value driven determination of a typical small cap.

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Now, let's discuss either gold prices can reach ,000 per ounce or not? This is the argument industrialized by a New York Based Hedge Fund that says that determination of the charts show visually how much the Us Dollar has lost it's purchasing power parity. The hedge fund is of the plan that gold is cheap by a factor of 7.

10k Gold Price Per Gram

What this means is that gold prices can reach as high as ,000 per ounce. Sometimes back, pundits were predicting a inherent gold price level of ,500 per ounce in the medium term future. Then that level was raised to ,000 per ounce. But now, for the first time, we are hearing about a inherent gold price of ,000 per ounce.

Can Gold Prices Reach ,000 Per Ounce? spend in Gold Mining Stocks Just Now!

Let's think the basis for these predictions so that we know how much possibility these predictions have of arrival true. Most of the predictions are based on the top price achieved by gold in the 1980s bull market adjusted for inflation. On the inflation adjusted basis, gold prices are 30% below their all time high of 1980s.

Another argument industrialized in favor of gold reaching high prices is the monetary base argument. Gold prices tend to track the monetary base over the extended duration of time. Monetary base is the bank deposits plus currency in circulation. growth in the monetary base is determined to be inflationary. So when expectations of inflation rise, gold prices tend to rise too. Right now, with trillion dollar bailout packages becoming all the rage, inflationary expectations are high!

Whatever, this is a fact that China, India and Russia and other countries are changing their dollar based reserves into gold reserves. Gold is a very small market. The furnish of gold is limited. Even a small interest shown in the gold market can skyrocket the prices. This is really what is happening. Now, this is all happening due to speculation. This might the best time to invest in gold mining stocks!

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