Welcome to Gold Prices 24/7. We will provide you with LIVE gold prices and latest breaking news effecting the price of gold and silver.

OUR MISSION

Our mission at Gold Prices 24/7 is to provide you with the truth.  Our goal is to help as many people navigate these turbulent economic times and prosper. We believe that gold and silver provide a safe haven for many people who are worried about the demise of the dollar. We hope to keep you updated on all important news from top experts so that you can grow your money and profit during the economic crisis. Hold on tight because it looks like we are in for a bumpy ride.

Many economists predict that gold prices will rise over the coming decade. This is due to the devaluation of the U.S. dollar. As more money is printed to bailout the banks and foreign countries, the U.S. currency is worth less and less. This means, our dollars are being devalued and food prices, as well as commodity prices, will will skyrocket over the coming years. This is why many people are moving money into gold bullion coins as well as silver coins to protect their life savings from being devalued. That is why many professional forecasters predict a substantial rise in silver and gold prices over the coming decade.

LATEST NEWS

May 12th, “Gold Bugs Will Be Vindicated”. Read Article

May 10th, Jim Rogers, 2013 will be a disaster. Watch video

May 9th, “Why Gold Could Be Setting Up for a Major Comeback”. Read article

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Some forecaster Predict Gold Prices to Skyrocket to $10,000 an ounce

There are some forecasters that believe that gold prices will eventually reach or surpass $10,00o an ounce. For that to happen we will have to see a great devaluation of the United States dollar. It looks like we are seeing more and more money being printed by the Fed which may lead to a currency crisis. With our money supply increasing according to M3 chart indicators tells us that the Fed is printing more and more money. This is quite inflationary in the long run. To protect our assets we are being recommended to place money in gold coins and silver related assets such as bullion and bullion coins. Therefore, when current international people start pulling money out of the EURO we will see gold prices start to really rise.

When the Euro Starts to Collapse, The United States Dollar with Collapse and Thus Gold Prices will Increase

As the EURO starts to collapse, we will then see the United States dollar also start to collapse, which will result in the rise of the price of gold and silver. As the dollar is worth less and less, the purchasing price of gold will be inversely effected. Prices of food and gas should increase substantially over the coming years. Economists recommend purchasing storage foods and stocking up on water. As the prices of goods start to increase we will see supply shortages at the grocery stores. Therefore, having bullion will make for good bartering materials for food and other necessities if it gets to that point. We are not trying to fear monger, we are simply being realistic. When money is printed like there is no tomorrow, then the currencies end up collapsing. To see what is happening in the United States, you can read what happened during the Wiemar Republic, when the currency collapsed. When this happened in the Wiemar Republic, gold prices went through the roof.

Some of the Reasons why Gold Prices are expected to Rise over the Coming Decade:

1. Devaluation of the United States Currency

2. Devaluation of the EURO

3. Mistrust in Fiat Currency

4. The increasing accumulation of gold by International Countries

5. Investment demand is increasing

6. Inflation and increasing prices for food and gas

7. Central banks are purchasing gold

When gold prices skyrocket, this will create a whole new generation of wealthy Americans. The future leaders of tomorrow will be the fore-thinkers who were able to see what was happening and make the necessary changes. People who think old-school will find that their investment techniques no longer work. Those who saw the devaluation of the dollar and made the necessary changes to their investment portfolios will come out ahead.

When the big collapse happens and real estate is at an all time low, those with money in gold and silver will be able to scoop property and real estate up at bargain prices. These fore-thinkers will be responsible for helping those who were less informed to rehabilitate society again. And hopefully we will have a new system where we will never have to rely on a currency that slowly collapses over the decades until it goes defunct as all currencies of our past.  Until that happens we will see gold prices and silver prices increase over the coming years and maybe $10,000 an ounce will become the norm and eventually overtake the DOW industrial average.

In addition to gold and silver, some investors are also looking into investing in other metals such as platinum and palladium.