Posts Tagged ‘gold price’

Do Gold Sellers Know Something Buyers Don’t?

April 9, 2017

Some of the tv channels  I watch have been inundated in recent years by people trying to get others to buy gold.  They tout gold as a great investment that will go up in value.

If they really believe gold will be worth more next week  why do they want to sell now?   Do they know something about future gold prices that others don’t know?  What will they invest the money they get from selling their gold in?

One reason they might want to sell is that they think the supply of gold will increase and cause a drop in price.  Some  people believe the Pebble deposit   in the Bristol Bay region of southwest Alaska could contain a significant amount of gold.   Northern Dynasty Minerals Ltd.  hopes the Trump administration will approve its application to mine this region.  Approval of the application would likely cause  an increase in the price of Northern Dynasty stock and a reduction in the price of gold.

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