Abstract

FUTURE OF GOLD AS AN INVESTMENT: DEVISING A PRICE PREDICTION ANALYSIS AND OUTLINING THE EFFECTS

Swapnil Sajwan, Mrs. Uma Rani S.

Volume: 7 Issue: 4 2017

Abstract:

Gold is one of the most expensive and finite metals. Since olden days gold has been used in the form of money, due to its rarity. Maybe this is the reason why gold is so heavily demanded in the world even now. Gold is a finite resource that will exhaust one day. All the gold that has ever been mined in the entire human history is just 170,000 tones. It may seem a lot but it is equivalent to 3 ½ Olympic size swimming pools. But the uses of gold are way too many to fulfill if gold gets exhausted. Even in today‟s world gold is valued because of its constant value. Hence, it is used for international transactions and other high long term payments. But if you look at the price of gold for the last few decades then you‟ll see that it is not that constant. The price of gold fluctuates at regular basis.

Back Download

References

• http://www.gata.org/files/MylchreestReport-05-2016.pdf
• https://goldprice.org/gold-price-chart.html
• http://www.iii.co.uk/res-gold-to-outshine-gold-miners
• http://www.goldismoney2.com/threads/a-precise-gold-price-prediction-formula.29934/#post348372
• http://www.etf.com/sections/features-and-news/5344-gatas-powell-on-gold-manipulation-ahow-90-of-worlds-investment-gold-may-not-exist?nopaging=1
• http://www.fin24.com/Companies/Mining/sa-to-exhaust-gold-reserves-in-38-years-20161120- 2
• https://www.investing.com/analysis/when-will-gold-exhaust-itself-164958
• http://www.mining.com/mining-capex-decline-set-to-continue/