Market Overview

Gold Price Reaches One Dozen Years Of Consecutive Gains, Reports Gold Price

The gold price has officially reached one dozen years of consecutive gains, increasing over 500% since 2001 as a result of higher safe haven demand by investors and central banks, reports Gold Price.

New York, NY (PRWEB) January 04, 2013

The gold price has increased over 500% in the past 12 years, and as of 2013, it has officially reached one dozen years of consecutive gains as investors and central banks continue flocking to gold bars and coins to protect wealth and profit amidst an unstable global economy. The gold price ended 2012 with a 6.6% increase for the year, closing at about $1,675 per ounce after two large selloffs caused by end of the year liquidation. Below is a list of year-end gold prices per ounce to give investors a visualization of gold's increase over the past dozen years:

2001 - $268.00
2002 - $278.40
2003 - $347.50
2004 - $415.30
2005 - $437.10
2006 - $514.90
2007 - $636.90
2008 - $835.60
2009 - $881.10
2010 - $1,096.50
2011 - $1,421.60
2012 - $1,675.00

Arthur McGuire, Vice President of Gold Price says, “Gold is currently on a 12-year bull run that is a result of increased safe-haven buying by investors and central banks who want to protect their wealth from weakening paper currencies. In the US alone, the government's stimulus and quantitative easing measures have pumped trillions of dollars into the economy, eroding the value of all current dollars. Fortunately, gold has thrived throughout the rise and fall of nearly every paper currency, and this time should be no different. Our expert gold analysts are projecting another 5%-10% increase in the gold price by the end of 2013.”

Gold Price (GoldPrice.net) is a leading precious metals advisor since 1992 with headquarters in New York, California, Texas, Utah, New Mexico and Puerto Rico. Gold Price is also a direct gold and silver dealer, specializing in purchasing, selling and trading physical gold and silver such as modern bullion bars/coins and certified rare coins. They offer investors a free award-winning gold starter's kit by visiting http://www.GoldPrice.net or calling 1-800-767-1423.

For the original version on PRWeb visit: http://www.prweb.com/releases/prwebgold-price-2013/fiscal-cliff/prweb10290193.htm

 

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