Why Do Gold Prices Rise?

Obvious factors that can cause a sudden change in the price of gold are natural or historical disasters: world wars, global-scale economical crises, fall of the real estate market, bank failures, famine, pandemics or other worst-case scenarios alike..

Ever since 1919, the price of gold has been set by the London Gold Fixing, a procedure through which representatives from five bullion-trading firms of the London bullion market conduct a teleconference twice a day, at 10:30 a.m. and again at 15:00 p.m. and settle on the price of gold. This is generally recognized to be the benchmark for the day-to-day specific value of gold or gold-related products, so if you're interested in investing in gold, be sure to tune in twice a day to London Gold Fixing.

There are direct and indirect forms in which one could invest in gold. Certificates, accounts, derivatives, or shares are indirect forms of investment. The level of purity in bullion coins varies from issue to issue, but 99.9% purity is the most commonly found, a good enough reason for you to choose them when deciding to invest in gold.Article Source: http://EzineArticles.com/5598650 Gold Prices Rise