Gold is still becoming strong.
Many people feel anxious about the present gold price, as they think that the price is close to its demise.
But they should understand that gold is still badly undervalued.
As the matter of fact, back to last September, the gold price has reached $1,000 already, but that is not a very significant price.
Later, from November, 2009 to now, price stays at the level from $1,100 to $1,250 per ounce.
In 1980s, the price of gold reached a historical high point - $850 per ounce, however, if you think $850 an ounce was high, then you should know the inflation-adjusted price would be $2000 per ounce.
So, the real ascent of gold is just beginning, and it will get everybody excited with incredible value in the future.
Besides, this beginning also explains the reason why more and more investors are entering the physical metal market.
From 2001 to 2005, the gold firstly started bull market with reaching a high end.
However, later, the track turned back in a long period before reaching another new level.
In year 2006, the price of gold crossed $500 point, and what followed by is another bull market until now.
Lots of people believe that there is a very big correction for the gold, just like the one we have seen from year 2001 to 2005.
However, I can not totally agree with them, in my opinion, the gold is starting a new pattern which will propel gold price to another historical level, some point around $1,500 per ounce later this year, and even much higher in the following a few years.
There are a few things, which have been changed since the gold price crossed $500 point in 2006.
First, central banks in countries are not net sellers any more, instead, they are now becoming the net gold buyers.
Central banks throughout our planet control 19% of above ground gold supply.
They now keenly noticed the depreciation of dollar and urgently seeking a safe port to against currency risk, and gold is definitely the right port they need.
As time goes by, we see more and more central banks are cornering gold.
Second, as what people can see, the new pattern of gold is urging retail buying and fund companies to place more orders on gold.
Every time, when we see a correction of gold price, new orders will be placed, these new orders can keep the gold price strong, and make corrections ended very soon.
As gold price reached $500 in 2006, we are expecting seeing new high points within a short period of time.
The market is quite different from the year 2001 to year 2005, when we only could see one high point in every 12 months.
Personally, I am very confidence in the trend of gold price, and much willing to remind investors to check the gold price regularly.
With the time goes by, the U.
S.
dollar will getting much worse.
Besides, there are many other bullish factors, which will contribute gold price to a new level.
More money will be invested in silver, gold as well as other precious metals.
And here we give you our suggestion.
You shall not worry about the day-to-day, week-to-week or other short-term movements of the gold price.
The right things you need to do is buying super-quality gold mining stocks and physical metals, and then keep what you buy in a long-term period, you will have yourself became rich.