Gold has already had a good trend. It's in growth trend in value for a long years. Over the past year it has ranged from a low of $700 to current price of about $1,000/oz. For a Ringgit investor, the price has moved from a low of RM2500 last November to a high of RM3700 in this september. So what could happen in the future?
Evy Hambro, who runs the BlackRock Gold &General investment fund, said that the gold price will be going up in value due to the falling in Gold supply. Nowadays, the gold miners job become harder even to get only 1kilo for Gold. The mining activity become hardest. Meanwhile the demand for this preciuos metal especially in term of gold investment has increased dramatically. He believes this situasion will lead to the next level of gold price at higher than today.
Adrian Ash of BullionVault says that despite the recent price increases, he has not seen many investors banking profits. Many investor todays worried about banking policy and inflation. By throwing out money into bank deposit, they saw a higher return form gold investment is more worthy that other investment.
According to Adrian Shandley of Premier Wealth Management ,he have different point of view. In term of gold price, he concern is more towards on current price. Since the price is highly expensive, buying at this time is not suitable. It's because gold have a long journey to survive.
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