Why gold price going down?

[tom555]

Gold prices fall based on two things; economists learn both of these in Economics 101.

The first is that low demand puts downward pressure on prices. And secondly, oversupply in a market also forces prices down. That applies to gold, as it would in any other market or industry.
read more here http://www.dailyreckoning.com.au/the-real-reason-gold-prices-are-falling-cw/2015/07/30/

[1714240742]

1714240742

[bryant.coleman]

IMO that's because during the previous financial crisis it's price went up excessively as it was a safe money storing option, now that the world almost completely recovered financially people who stored allot of funds in it are liquitizing it making the price decrease, IMO it's because the price grown more than it should.

I don't think that gold was ever overvalued. On the other hand IMO, it is extremely under-valued right now. With more and more central banks (especially the Chinese and the Russian ones) dumping their United States treasury bonds and buying up all the gold bullion bars, the gold exchange rates should have gone up considerably.

[addagudi]

Why is gold price falling now, even when bitcoin price going up?


I want to know that.

After five straight years of exponential growth, Bitcoin should have earned the benefit of the doubt by now. After one year on the market, it's value went from fractions of a penny to $0.05 USD, which is borderline infinite ROI. The next year, it rose to $0.30, only a 500% increase in value. Good luck getting that anywhere else. 2011 saw BTC rise to over $6 USD, which was just scary growth. The next year, it only doubled in value, a real "off year". 2013 was a rebound year, and it finishes up at almost $800! Mind you this was mostly because of the Mt. Gox Bot Buying Bubble, and the Chinese market having free reign at an initially unrestricted BTC market.

[faridkifly]

IMO that's because during the previous financial crisis it's price went up excessively as it was a safe money storing option, now that the world almost completely recovered financially people who stored allot of funds in it are liquitizing it making the price decrease, IMO it's because the price grown more than it should.
And regarding bitcoins price then I don't know  BTC is almost completely unpredictable in this category.

honestly, until now I did not know what to make bitcoin prices down.
if there is a theory that a patent?i want to know about it, so i can predict what will happen 

[Bepesand]

Gold prices fall based on two things; economists learn both of these in Economics 101.

The first is that low demand puts downward pressure on prices. And secondly, oversupply in a market also forces prices down. That applies to gold, as it would in any other market or industry.
read more here http://www.dailyreckoning.com.au/the-real-reason-gold-prices-are-falling-cw/2015/07/30/

The gold price is manipuplated by certain big banks. They can make a lot of profit out of it.

[ps_jb]

I think there is some sort of correlations with oil price

Keeping oil price below 30$ per barrel holds gold below 1100$ per troy once

[OrangeII]

I guess because of the amount, or the absence of a buyer or investors who want to re-invest their money in gold, so gold price scaled to increase interest to investors

[Gloober]

Most of all of this depends on demand and supply.

Having low demand decreases the value of gold.

[markj113]

A high gold price indicates panic and a lack of confidence in the markets.

The powers that be dont want that after all that QE money they pumped in artificially propping up the prices.

Result - keep dumping massive amounts of paper gold at strategic times to suppress the price as required.

The game cant go on forever and when it does fall over gold will go parabolic overnight.

[ps_jb]

I guess because of the amount, or the absence of a buyer or investors who want to re-invest their money in gold, so gold price scaled to increase interest to investors

That is true - China is in big trouble, so they do not buy gold in usual amounts

[whizz94]

As far as I can tell, reading and thinking will tell you what the gold price ought to be.  The rich people have had thousands of years of practice at getting the market price to zigzag on 100 year timescales around that and spreading lies to catch out rival factions who tried to zag while the other lot had agreed at Davos to zig instead.  Or was that zag?  Well anyway, a ticket to the zigzagger master planning meeting costs so much that anyone who buys a ticket has to give all their gold to the rich people. 

Likewise, oil ought to be getting a CO2e international climate change damages insurance premium putting its price and profit to way off what happens at present.  We won't see a sensible gold price while the rich people are getting encouraged to sell oil at such a low price.

Bitcoin was put forward as a possible solution to the problem of the rich people holding all the gold in the world, selling it at a high price, buying it back cheap a decade or two later, and repeating that since ancient times.

[foggyb]

Jeff Gundlach, CEO of DoubleLine Capital, predicts a 30% rise in the price of gold this year. I think that's a conservative prediction given the market instability we've already seen just a couple of weeks into 2016.

[markj113]

As far as I can tell, reading and thinking will tell you what the gold price ought to be.  The rich people have had thousands of years of practice at getting the market price to zigzag on 100 year timescales around that and spreading lies to catch out rival factions who tried to zag while the other lot had agreed at Davos to zig instead.  Or was that zag?  Well anyway, a ticket to the zigzagger master planning meeting costs so much that anyone who buys a ticket has to give all their gold to the rich people. 

Likewise, oil ought to be getting a CO2e international climate change damages insurance premium putting its price and profit to way off what happens at present.  We won't see a sensible gold price while the rich people are getting encouraged to sell oil at such a low price.

Bitcoin was put forward as a possible solution to the problem of the rich people holding all the gold in the world, selling it at a high price, buying it back cheap a decade or two later, and repeating that since ancient times.

But dont a few people hold the majority of bitcoin and have been caught several times manipulating bitcoin prices through exchanges e.g when the price hit the all time high it was down to a bot playing the market.

[Bepesand]

Jeff Gundlach, CEO of DoubleLine Capital, predicts a 30% rise in the price of gold this year. I think that's a conservative prediction given the market instability we've already seen just a couple of weeks into 2016.

When the QE is stopped, there will be less fiat money flying around, so the gold price will not rise.

[arbitrage]

Why do you think that this is not yet another manipulation with price of gold?
Gold is here and it is hard to imagine future where gold is useless jewelry only!?
 

[Dekker3D]

Probably the big ones who own these golds sold it to go for btc or altcoins as they see that the profit could be bigger in the future.

[arbitrage]

I don't believe gold is sold to to buy BTCs.
This is some kind of manipulation on exchanges! Don't sell your gold and silver!

[markj113]

Jeff Gundlach, CEO of DoubleLine Capital, predicts a 30% rise in the price of gold this year. I think that's a conservative prediction given the market instability we've already seen just a couple of weeks into 2016.

When the QE is stopped, there will be less fiat money flying around, so the gold price will not rise.

The artificially propped up prices of the markets through QE will fall causing a rush to safety i.e gold,

Gold has climbed a fair bit this year already.

[Richard1972x]

There are 4 reasons:
-there was bullmarket from 2001-2010 what lifted the price from 250 to 1900 (a huge gain!)
-the crash was not there, the Fiat money market is still existing
-inflation went down instead of going up
-production costs are shrinking because of low energy prices (getting gold out of the earth costs a lot of energy)

[JosNekoKopa]

There are 4 reasons:
-there was bullmarket from 2001-2010 what lifted the price from 250 to 1900 (a huge gain!)
-the crash was not there, the Fiat money market is still existing
-inflation went down instead of going up
-production costs are shrinking because of low energy prices (getting gold out of the earth costs a lot of energy)

This is very good conclusion!
But can we expect after a crash of Us dollar, gold as new trade standard in tradings?