What is Influencing the Price of Gold ?
April 21, 2010 · Posted in General · 6 Comments
Why is Gold continuing this decline? A month ago, it was said that there was such a demand for Gold that the US Mint was temporarily discontinuing the Golden Eagle coin due to demand, and even Kitco had a 6 or 7 week waiting period on all shipments due to the high demand. But even with Oil prices plunging and the stock market plunging, gold continues to drop in price. I guess that I figured that gold was a safe "hedge" and that the prices would still be climbing. So why is it steadily dropping? The same with Platinum. I've not seen precious metals this low in quite some time. Thanks for any input you might be able to contribute.
American Platinum Eagles on eBay:
2011W Platinum Eagle Proof Coin NGC PF69 Ultra Cameo - Freshly Graded on 1/11/12
 | US $1,899.99 (0 Bid) End Date: Monday Feb-06-2012 9:07:44 PST Bid now | Add to watch list |
