Aboutme.SubinFinance – Gold Will Reach USD $1200 Next Week

Aboutme.SubinFinance

Aboutme.Finance

Gold is very optimistic this week and a strong rally took it above US$ 1140/Troy Ounce due to pessimism in the United States market.  The gain is above 5% and market has hit a six-week long run.

This rally seems to be quite close that Gold will be reaching the US$1200/Troy ounce and will be stabilizing there. Then in September, Federal Reserve will be increasing the interest rate to about 0.25% and will change the course of Gold and other metals. So please take the profit and don’t stay there. One day it will destroy your valuable investment.

Housing sector is improving, Wages are increasing, Inflation is slightly down and demand too is moving ahead gives more chances of United States increasing the interest rate. Apart from that, world economy is moving to decrease the interest rate and United States stands firm to increase it. This will help United States as people are interested to invest in this country and this investment is considered safe haven for investors. So what United States at this point is doing right?

Other countries are planning to have a currency war, as if China is going to devalue more, then Asian Economy will be spiraling devaluation war. China will do it, to create demand as they’re trying to create in a wrong manner.

Apart from that Chinese Economy will be bursting as it created demand unlawfully by bringing in goods at cheaper prices and duplicating the goods. It worked for some time, now invention will be ruling the roost, not duplication. Still there’s more to invention better than photocopying the goods available in the world market. When these Chinese Government officials will study this?

Next thing is that United States is looking to counterpart Russia, China, India only by increasing the interest rate at this point of time. If not, the United States Dollar will be fading away and Gold; Silver will be taking the place of this currency.