Although many investors see gold as a more solid investment than currencies, (which are more likely to feel the effects of economic troubles) gold is not bulletproof.
Recently the price of gold has softened slightly due to three factors:
The strengthening of the US dollar, slower than expected economic growth in China and a potential decline in gold demand in India.
EzyCash Gold Buyers keeps a close eye on the price of gold so they can give you a top cash price for your unwanted gold. Bring in broken gold, scrap gold, gold jewellery and more to their store in Panmure, Auckland. With their knowledge of the price of gold and the gold market, they can give you an expert valuation on your gold and a top cash price. Continue reading
EzyCash Gold Buyers is always keeping an eye on the price of gold, so that when you bring in your scrap gold and unwanted gold jewellery for an expert valuation, they can give you a top cash price for your gold.
There are many factors that are affecting the gold price. While the price of gold was once scaling the heights US$2000 per troy ounce, it is now hovering between US$1500 and US$1700 per troy ounce of gold.
The US dollar, the Eurozone crisis and the demand for gold in huge economies such as India and China all has an affect on the price of gold.
But now, according to Feng Shui experts, the Chinese Year of the Dragon is destined to affect the price of gold as well.
EzyCash Gold Buyers
Phone: (09) 570 1511
Fax: (09) 570 1527
30B Jellicoe Road
Panmure, Auckland East