Published On: Mon, Mar 14th, 2016

Gold Prices Up 20 percent in 2016

If you are concerned about where you should invest your money and just how much your paper currency is worth, you need to keep a close eye on what the gold market is doing. Gold prices are very telling and, when gold prices are up, your paper currency is going to be worth less.

Since the start of 2016, gold prices have steadily climbed, so it is no surprise that so many people are turning to companies like Global Intergold to invest in gold products today so that they can enjoy the increased value in that same amount of gold tomorrow. Continue reading to learn more.

photo/ screenshot YouTube

photo/ screenshot YouTube

The Stock Market vs. The Gold Market in 2016

The stock market has not been doing too well since the start of 2016. The S&P 500 was down by over 9% by early February. Gold, however, has been doing the opposite.

In February, at the same time that headlines were talking about how poorly the stock market was doing, there were headlines regarding the value of gold being up almost 10%, showing a 4-month high, and then the highest price since the same time last year. As of March, gold prices were up a whopping 20%, and the value of the US dollar continued to decline.

The Latest on the Price of Gold

As of lunchtime on Monday, March 7, 2016, the price of gold was just under $1,270 per ounce. This was an extension of the previous week’s rise, and it pushed the value of gold to 20% higher than it had been previously. Eurozone stock markets were slipping at the same time, and the US stock market has been struggling as well.

Why Gold on Sites Like Global Intergold Is Doing So Well Right Now

You may be wondering why gold is doing so well right now. If you look back at what has happened historically, you will see that gold prices tend to be higher whenever people become concerned about inflation.

The strange thing, however, is that people in the developed world are not really concerned about inflation this year. So how can the rising price of gold be explained, then, if inflation is not a concern after all? Well, what is happening is a rising concern about the risks within the financial system. Because that is happening, gold has been doing well and its price has been increasing. People are turning away from stocks and choosing to invest, instead, in a more reliable product, which is gold.

Understanding how gold prices rise and fall, and how these prices affect entire markets around the world, as well as currency values around the world, will help you invest your hard-earned money in a more intelligent way. As it stands today, if you have the money to invest in gold, it is highly recommended that you do, as prices will likely continue to rise. And if you invested in gold in the past, you are probably very happy right now, as the value of what you own has increased quite dramatically.

Guest Author: Lolita Di

On the DISPATCH: Headlines  Local  Opinion

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