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How High Gold Prices End of the Year & Next Year? PDF Print

Ordinary market practitioners use the statistics and analysis to try to understand what was happening and saw the possibilities of what will happen to the fore. The actors who are competent in their fields - not always true - but it is usually fairly accurate analysis.

According to James Turk of pediksi - gold consultant from the Gold Anti-Trust Action Committee (Gata), where he strengthened his previous prediction that world gold prices will range between U.S. $ 1,200 - U.S. $ 1,400 until the end of this year.

Assuming rupiah is at the level of USD $ 9.500 per U.S. Dollars; the gold price range in Indonesia last year will be between Rp 366.500 up to Rp 427.500 or the Dinar of USD $ 1:56 million up to Rp 1.82 million. Because of the long-range predictions of this, I count myself in the range of approximately the same.

Gold price predictions about next year, let us look at predictions of a very competent person in the world gold trade because he was the chairman of the World Gold Council - Word Gold Council - Ian Telfer who is currently also chairman of Goldcorp. In his interview on the TV, Fox Business News last weekend he confidently predicts gold prices next year will reach U.S. $ 2,000 / oz.

Assuming the same value of Rupiah, this means that the price of gold in Indonesia next year will be in the range of the price of Rp 600 thousand dinars of gold and in the price range USD 2.6 million-an

But keep in mind that if after all these predictions if true, would not occur directly. Gold prices are likely to fluctuate before they reach it. So it's not advisable to speculate in gold prices this if your investment focus to short-term profits.
 
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