GOLD ESTIMATE
It is always very difficult to make future predictions in the goldsmith industry. Even goods that hold their value like gold are subject to many factors that can determine fluctuations. That's why we are always cautious about predictions. Certainly, over the years gold has survived through different crucial political and economic moments, so we will try to contextualize and learn from past events..
"Under the same conditions, demand for gold is primarily driven by income: according to a report from the World Gold Council, the demand for gold increases with rising income levels. For a 1% increase in per-person income, demand for gold increases by 1% as well, and right after gold prices increase accordingly. For a 1% increase in prices, the demand for gold decreases by 0.5%..
Inflation and market instability can also increase the price of gold. When the value of the currency decreases and prices of goods rise, investors rush to preserve their purchasing power by buying gold and, consequently, increasing its value. Based on available data and shared information, experts say that the price of gold will range between $2,000 and $2,200/ounce by the end of 2023/beginning of 2024. Some, even more optimistic, say it will reach up to $3000/ounce. This scenario, despite still being uncertain, is undoubtedly appealing to small and medium-size investors.
Recently, in addition to investing in gold, gold as a gift has become very popular once again. On our online shop, you will find different sizes of bars/ingots, all available for customization. Gold as a gift has a very low commission over the market price and is perfect for any special occasion. A special gift, now and for the future. Take a look at our bars and choose the one you like best..