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[SCAMEXPOSER]

As at last week friday in the London trading section the price of gold was at $1887 and within a week it has recorded a 4.2% making the price of the yellow precious metals to be at $1920.

The gold bull is presumed by analyst as a result of the continuous increase in the convid 19 cases and the trade war between US and China especially the recent closure of China consulate in Houston by US government .

 

[Balint098]

Nothing surprising since gold always fare well in the times of crisis. Just wait until November election to get gold rise even higher. I expect further civil unrest in that month.

 

[SCAMEXPOSER]

Nothing surprising since gold always fare well in the times of crisis. Just wait until November election to get gold rise even higher. I expect further civil unrest in that month.

Some analyst even predict a rise above of $2000 Soon.
Guess by election you mean the US presidential elections?.

 

[Balint098]

Some analyst even predict a rise above of $2000 Soon.
Guess by election you mean the US presidential elections?.

Yes, the presidential election that will happen in November. Currently, there are so many division in the country that the election may trigger yet another riot nation-wide.

 

[Brain]

Gold is one gem that will continue to raise in price as a lot of people prefer to buy it for keeps. So it isn't surprising at all. I'm looking forward to buying some too.

 

[Balint098]

Gold is good investment in times of crisis but not so much in times of stability and gain just like how gold lost massive amount of value in 2013.

 

[Balint098]

Gold and bitcoin are different and not correlated. Gold has been slowly rising since the start of pandemic since gold is the preferred safe haven asset for investors to invest in when the world economy is faced with severe hardship caused by this pandemic. Bitcoin, on the other hand, has just spiked recently after long period of stagnation.

 

[Wisdom01]

Its good to see that the price is already regaining its feet and I know that the price will increase further ,well the pandemic and others might have effect on the price

 

[SCAMEXPOSER]

I feel the price of gold is as a result alternative source of investment that is reliable for big players in the financial sectors while bitcoin also had a spike in price because more awareness of Crypto currencies during this pandemic as lots of people searched ways to make money and invest online for quick return.

 

[Shadow[AM]]

Gold always has very high value

 

[Wisdom01]

I feel the price of gold is as a result alternative source of investment that is reliable for big players in the financial sectors while bitcoin also had a spike in price because more awareness of Crypto currencies during this pandemic as lots of people searched ways to make money and invest online for quick return.

Yeah you are right in Italy during the pandemic ,people were finding means to sustain themselves by selling their gold jewelries to the loss of employment and other

 

[Reznov]

in my country, each gram costs 35$ currently, Gold is probably the only thing that's worth investing but for the long term as it always has its own high value

 

[SCAMEXPOSER]

Those who invested on gold earlier this year has made money already and there is every likelihood that the price will still go higher soonest considering the forces of demand now.

 

[Margniphycente]

Gold always has tendencies to grow during the time of crisis and now this is a perfect example. Analyst has even predicted it will rise more than that.

 

[Josemendez]

As at last week friday in the London trading section the price of gold was at $1887 and within a week it has recorded a 4.2% making the price of the yellow precious metals to be at $1920.

The gold bull is presumed by analyst as a result of the continuous increase in the convid 19 cases and the trade war between US and China especially the recent closure of China consulate in Houston by US government .

I think the only problem with gold business is that , not anyone can easily take up the business on his own . you have to buy or invest under someone , who trades for you .
This is a challenge , as you might be scammed .

 

[SCAMEXPOSER]

I think the only problem with gold business is that , not anyone can easily take up the business on his own . you have to buy or invest under someone , who trades for you .
This is a challenge , as you might be scammed .

If you have your money you can trade gold at your will, recall it not only trade offline anymore, you can also buy gold online , I think paxful or Binance has introduce it.

 

[Perrol]

Yes on the trading platform I see it also, I was thinking gold will come down but it was just moving up, same thing happen in 2010 dollars versus gold, dollar is really weaken nowadays, but I believe it will rise back.

 

[Perrol]

Thanks

 

[Balint098]

This rise in price of gold serves as a warning for everyone as the world economy sinks deeper into oblivion due to this pandemic.

 

[microunit]

probably people wanted an alternative investment hence gold, gold has been considered one of the good investments by alot of people for years now