You will be amazed that with all the information available to market analysts, predicting which direction the gold price will go is still anyone’s guess. The USA’s economy is still the primary determining factor in gold pricing. All indications are that the US Fed will scale back on its QE programme in the next few months and possibly as soon as December. In saying this, the scaling back was according to most market analysts supposed to start last month. Well the analysts got it wrong or at least most of them did and the Fed indicated a continuation in QE. Bottom line is that if you had to run a poll you will not get a definitive direction that the gold price will be heading to.
How does all of this affect you?
Simple, invest in gold now in the form of Kruger coins. It’s not going to make you rich but it’s the safest form of wealth preservation (imo) Take all that jewellery you no longer wear and convert it into money now and invest for the future.
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