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Updated 14:24 17/09/19

10 reasons why gold prices are going to rise?

By Adam Pike, News Editor

03 Jun 2016

10 reasons why gold prices are going to rise?

With the gold price retreating 7% from its May high, should we be concerned or will the bull market resume? In fact, there are 10 reasons why the gold price could soar

1) Central banks across the globe continue to purchase the yellow metal as they diversify their reserves away from the U.S. dollar

2) Central banks continue to print money and engage policies that have been proven to fail time and time again.

3) Government debt is at an all-time high. UK sovereign debt has passed £17 trillion and U.S government debt now stands at $19.2 trillion.

4) As Donald Trump marches towards the White House, the status quo is being questioned.

5) A debt fuelled Chinese economy could burst at any time. China is the world’s second largest economy and any correction would have dire effects on the world economy.

6) Outstanding derivatives have surpassed $1 quadrillion.

7) Gold discoveries are at record lows.

8) Demand for the physical gold remains solid across the globe. In the first quarter of 2016, China consumed 241 tonnes and India 116.5 tonnes. In the U.S. gold demand rose by 21% in the first quarter of 2016.

9) Exchange traded funds, which experienced massive outflows in 2013, are starting to see a pick-up in demand.

10) After 45 years of fiat currencies is time running out?

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