Gold is a very valuable metal on the earth that cannot be produced. It is limited on the earth. This metal is very important not only these days but from the period of civilization. The trading and the economic condition of a civilization depended on the amount of gold on that place.
This important value of gold is still in the market in these days. The world market which is popularly known as stock market depends on the price of gold, silver and crude oil. A countrys stock market also depends on this also. Thus the gold is very important for the economical condition of the country because at the time of trading the stock market of the different country buys or sells the gold. For this reason the value of stock market changes.
These days, many people also invest in gold. The value of gold changes and it is a great factor of trading. People want to keep savings in gold or they want to invest in gold than to put their savings in bank. So, the most important thing is if the economy condition does not improve and certain currencies crash then there will be a limited amount of gold available.
The Reason For Gold Sold Off in April 2013!
The economic condition of some European countries are not much well. The media and various reports say that one of the countries in Europe named Cyprus may sell the most amount of gold to recover the economic condition of their country. The worth of gold may be 400 million euro. After getting this news some of the other European countries like Portugal and Italy may also do the same. The gold that they have reserve in their banks may be sale by them.
The international market got affected by this news and most of the countries and investors stop to trade in gold. This is the most important reason of the gold sold off in April 2013.
After the recovery of the American Economy market the U.S. market is again back in a strong economy position. As there is limited amount of gold for sale the people now a day invest in the Blue Chip Companies rather than gold. Thus, the price of gold is decreasing in the market.
The investors from all over the world are trying to invest in various stocks funds than to invest in gold. This is also very important reason for gold sold off in April 2013.
Hence, the value of gold in April 2013 is decreasing though, till now none of the European countries started to sell gold. But, some investors say that it is the opportunity of buying gold. The retailers of gold are also buying this time to increase profit in their business later on down the track, as demand increases also.
This important value of gold is still in the market in these days. The world market which is popularly known as stock market depends on the price of gold, silver and crude oil. A countrys stock market also depends on this also. Thus the gold is very important for the economical condition of the country because at the time of trading the stock market of the different country buys or sells the gold. For this reason the value of stock market changes.
These days, many people also invest in gold. The value of gold changes and it is a great factor of trading. People want to keep savings in gold or they want to invest in gold than to put their savings in bank. So, the most important thing is if the economy condition does not improve and certain currencies crash then there will be a limited amount of gold available.
The Reason For Gold Sold Off in April 2013!
The economic condition of some European countries are not much well. The media and various reports say that one of the countries in Europe named Cyprus may sell the most amount of gold to recover the economic condition of their country. The worth of gold may be 400 million euro. After getting this news some of the other European countries like Portugal and Italy may also do the same. The gold that they have reserve in their banks may be sale by them.
The international market got affected by this news and most of the countries and investors stop to trade in gold. This is the most important reason of the gold sold off in April 2013.
After the recovery of the American Economy market the U.S. market is again back in a strong economy position. As there is limited amount of gold for sale the people now a day invest in the Blue Chip Companies rather than gold. Thus, the price of gold is decreasing in the market.
The investors from all over the world are trying to invest in various stocks funds than to invest in gold. This is also very important reason for gold sold off in April 2013.
Hence, the value of gold in April 2013 is decreasing though, till now none of the European countries started to sell gold. But, some investors say that it is the opportunity of buying gold. The retailers of gold are also buying this time to increase profit in their business later on down the track, as demand increases also.