Gold Price Expected To Soar This Year
Gold price is expected to soar this year amid ongoing financial market turbulence and economic uncertainty, forcing investors to demand gold in preference to other investment options.
According to a report by the New Zealand Herald on Sunday, most economists are of the view that the yellow metal could hit more than NZ$2000 an ounce this year from its current level of NZ$1600.
The report said that gold prices reached US$845 at present, off its peak of US$1000 in March last year. This compared to US$550 an ounce at the start of 2006.
Over a period of past five years, gold has risen more than 210% in value, the report quoted Robert Jamieson, general manager of Goldsilverbullion.com.au.
 2010 American SILVER Eagle Roll of 20 1oz GEM BU coin$  US $420.00
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 ROBERTO COIN 18K Gold Hoop Earrings 5 grams scrap wear US $133.50
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 130ct Diamond 14K Gold Wedding Engagement Ring Set US $168.50
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 1804 SPIKED CHIN DRAPED BUST HALF CENT 1 2C FINE US $81.00
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 1809 NORMAL DATE CLASSIC HEAD HALF CENT 1 2C XF US $81.03
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 1909 S VDB LINCOLN WHEAT CENT 1C XF KEY DATE US $760.00
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ANZ head of commodities research Mark Pervan says the $2000 price forecast is based on speculation of a collapsing US dollar stemming from a "massive injection of US dollars into the system. People will buy gold as an alternative."
The report reaffirms the fact that gold is considered a safe haven in times of weak equity markets and financial uncertainty, and the easiest way of getting exposed to gold price movement is by buying gold coins in small and affordable units on a regular basis.
