Why is the price of gold rising?
Why is the price of Gold rising?
There are a few factors to consider;
- China and India’s economies are growing faster as they produce more than western nations
- Western nations are becoming debt nations, especially the U.S.
- America is printing more money to cover this debt which causes inflation and decreases the purchasing power of the dollar
Smart investors and countries are buying precious metals; more is explained in the video below.
Gold price video ==> ABC World News: Gold Prices Up