Gold Price Per Ounce Predictions Over $ 2,000 According to US Gold Dealer Regal Assets
Los Angeles, Ca (PRWEB) August 15, 2011
The price of gold bullion may exceed $ 2000 before years end according to industry expert predictions to include US gold dealer Regal Assets. Regal Assets is a US precious metals dealer for gold, silver, platinum and palladium that also provides daily syndicated gold news and alerts. Regals gold expert, Tyler Gallagher, puts out a weekly video recap that updates gold investors on the events directly effecting the global financial market and its effect on the price of gold.
The Federal Reserve sketched a dim outlook for the economy last Tuesday, suggesting it will remain weak for two more years. The tailspin on Wall Street was further fueled by Standard & Poor’s decision to downgrade long-term U.S. debt. Fears of another U.S. recession and worries about how governments will deal with global debt problems sent the gold and silver prices into an international rally.
Chicago Mercantile Exchange raised the amount of money it costs to buy a speculative gold futures contract and after gold spiked to a record of $ 1,817.60 an ounce in overnight trading. The CME deployed the same technique with silver in May when price of silver skyrocketed to almost $ 50 an ounce, which then led to more than a 30% decline in the metal.
Despite the efforts to keep gold prices from inflating, the international demand for gold and silver from consumers and individual investors is increasing. Behind India, China is the second largest consumer of physical gold. Regal Assets estimates that silver demand is expected to increase 40% for India and same for China by 2012 which will also effect gold and silver prices.
Due to the volatility in the global market and the diverse variables that effect gold prices, Regal Assets has created the smartphone app iGoldLive that delivers live prices, news and alerts. Regal Assets is an A+ rated gold dealer that allows US consumers to buy gold bullion online and have it shipped direct to their home for physical delivery thru their site http://www.RegalGoldCoins.com
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