2 Factors that Could Send Gold Prices Higher
By Admin Posted June 20, 2015
Over the last few years, gold prices
have been in the doldrums. With stock markets soaring to all-time highs, who
wants to buy something that has no return? Well, things are about to change. Or should I say; are already changing in front of our eyes.
For the following two reasons, gold prices are about to soar.
Reason #1: China
The recent crash in China’s stock market has helped many investors realize the risk in stock investing. From June 12th to July 8th,
the Shanghai Composite Index plunged a staggering 32.1%. In recent weeks, more than 1,000 stocks dropped by more than the 10% limit posed by regulators. company formation
At the peak of the crash, more than half of all publicly-listed companies in China filed for trading suspension to save themselves from further tumbles.
As a result, many investors pulled their money out of the stock market and securities investment funds. Where would all that money go? Gold.
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