The rise in the price of gold over the past few years is almost unbelievable. If you look at a graph that charts the price of gold over the last 10 years you can see a meteoric rise in the gold price.
In 2002, one troy ounce of gold would sell for around US$300. Apart from a sharp downturn around 2008 when the financial crisis first hit, the rise in the price of gold has been fast and consistent.
Gold is now trading at over US$1700 per troy ounce.
Silver has also mirrored the rise in the price of gold over the past decade. 2002 saw the price of silver hovering around US$5 per ounce. Nowadays the price of silver is well over US$30 per troy ounce. 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