Money Excel - Personal Finance Blog

Menu
MENUMENU
MENUMENU
  • Home
  • Business Ideas
    • 225 Small Business Ideas
    • 40 Online Business Ideas
    • 20 Business Ideas for Beginners
    • 20 small manufacturing business
    • 30 Food Business Ideas
    • 100 Business Ideas low investment
  • Stock Market
    • Best Demat & Trading Accounts 2021
    • Best Virtual Trading Apps
    • Best Stock Screener
    • Best Discount Brokers in India
    • Multibagger Stocks of LockDown
    • Rakesh Jhunjhunwala Portfolio
  • Mutual Funds
    • Best Mutual Funds 2021-22
    • Best Direct Mutual Fund Platform
    • Best Mutual Fund Mobile Apps
  • Incometax
    • Income Tax Calculator FY 2020-21
    • Latest Income Tax Slab FY 2021-22
    • Income Tax Refund Request
    • Pay Advance Tax Online
    • Download New 15G -15 H Forms
  • Investment
    • Best Investment Options 2021
    • Long Term Investment Options
    • Best Investment Regular Income
    • Best Investment Options NRI
  • Credit Card
    • Best Credit Cards 2021-22
    • Best credit card for online shopping
    • Best Forex Card in India
    • Best Business Credit Cards
    • Credit Cards against Fixed Deposit
  • Insurance
    • Best Term Insurance Plans 2021
    • Best Health Insurance 2021
    • Best LIC Policy 2021
    • Best Car Insurance Companies
    • Best Mobile Insurance Companies
  • Downloads
Home
Gold
Gold bullishness will last in future!

Gold bullishness will last in future!

Shitanshu Kapadia August 16, 2020

Recently gold has reached to all time high level 31000 Rs/-. We have seen continual rise in gold price for the month of august, 2012. Many investor has question in mind that this bullishness of gold will last in future or not? We are here to throw light on gold bullishness & important facts affecting gold price.

You must have read article published by us on “Gold price prospective -2013 and beyond” in the month of May, 2012. In this article we have incorporated prediction about gold price saying gold price will defiantly increase. That prediction seems to be correct, we have seen from July month onwards gold price is rising continuously.

Another important & positive development for the gold market is billionaire financiers George Soros and John Paulson have again increased their allocations to gold.  George Soros more than doubled his shares in the SPDR gold trust ETF.

Do not miss below posts -
  • Gold Price Vs Silver Price – Historical Returns
  • Buying Gold this Dhanteras is advisable? – Gold Big Loser
  • Gold Price Prospective 2014 and beyond

Another billionaire investor John Paulson has increased his Gold holdings by 26%. These two events had made positive effect on gold price.

Our observation & finding about various facts on gold throughout world is as follows:-

In first half August, 2012 over all gold holding of world has reached to its peak. In first quarter of 2012 central bank of various country had purchased approximate 158 ton gold.  World largest economy America & china is showing negative turn. Euro zone crisis is about to touch its peak. Although world’s economy is in bad condition gold price is increasing.

Gold purchased by Central Bank of various countries:-

2011 Quarter – 2nd 2012 Quarter -2nd Changes in %
Purchase   in Tons 66.2 157.5 138%
Value   in million dollar 3207 8148 154%

Due to slowdown in economic condition it is quite possible that government of various countries will take steps to increase liquidity in market. These steps will further boost gold price.

If we consider above facts than gold price will defiantly grow but if we look at demand of gold than compare to previous year this year demand is at lower side.

Demand of gold by various countries:-

Overall gold demand in world is reduced by 10%. If we talk about India than physical gold demand is reduced by 51%.  This may be due to sudden rise in gold price or may be due to bad monsoon condition.

Although demand is low price is continuously increasing quite possible that gold bubble may blast and gold price may reduce by 5%-7% in short run, but for long run than at long run gold has always given better return compare to any other asset class. That is the reason gold is called as safe heaven by many investors.

Although Gold is considered as safe heaven and we observe continuous increase in gold price but gold price is governed by news and speculation only. Although increase in price is causing reduction in demand, we have to wait and watch that bullishness in gold will last in future or not.

Tweet
Share
Whatsapp
Pinterest
Prev Article
Next Article
Tags:gold gold bullishness gold demand gold future gold investment price rise gold price

About The Author

Shitanshu Kapadia

Hi, I am Shitanshu. By Profession I am Engineer and working in the IT field. I am crazy about Finance and like to research on financial matters. I have written 80+ article on this blog. If you like my efforts kindly subscribe to this blog and also let your friends know about this website by sharing.

Leave a Reply Cancel Reply

Search

Top Posts & Pages

  • Income Tax Calculator FY 2020-21 (AY 2021-22) – Excel Download
  • Rakesh Jhunjhunwala Portfolio Holdings - March 2021
  • Download Income Tax Calculator FY 2021-22 (AY 2022-23)
  • 20 small manufacturing business ideas with low cost
  • How to check Property Records and Land Records online in India?
  • Cash Deposit Machine Locator – How to find CDM Near You?
  • 235 Small Business Ideas with Low Investment in 2021-22
  • LIC Premium Paid Certificate Download For Income Tax Purpose - Online
  • Top 10 YouTube Channels to Learn Indian Stock Market
  • 30 Food Business Ideas with low investment

Subscribe to Blog via Email

Join 5,475 other subscribers

Follow MoneyExcel

Money Excel – Personal Finance Blog

Personal Finance Blog
Copyright © 2021 Money Excel - Personal Finance Blog
| About |Downloads | Contact Us | Sitemap | Disclaimer | Privacy Policy |