Reasons for the increase in the gold price or silver price since 2001
Rising demand for precious metals
Investment and - boosted by expanding demand from the emerging markets and new applications - industrial demand increased significantly at the turn of the millennium.
High capacity utilization at precious metal mines
Rising demand resulted in high capacity utilization, especially as precious metal mines reduced some of their capacities as a result of low precious metal prices in the 1980s and 1990s.
Increased mining costs
Despite improved extraction technologies, extraction costs increased due to rising investment costs and energy prices as well as declining mineralization grades of precious metal deposits.
Central Bank Gold Agreement
This limited gold sales and lending by central banks in 1999. This restricted the supply of gold, increased gold lending rates and reduced its advance sales.
Destabilization of the world financial and monetary system
At the turn of the millennium, debt and monetary expansion exacerbated the loss of confidence in paper currencies and brought the currency function of precious metals back into focus.
Pegging the yuan to the U.S. dollar
China has ensured its competitiveness by keeping the exchange rate of the yuan stable against the US-$ through dollar purchases since 2001. This increases the de facto dollar supply and depresses long-term U.S. interest rates.
Low interest rates
Interest rates have been at persistently low levels since the turn of the millennium. Low interest rates reduce the profitability of alternative investments, which lowers the opportunity cost of precious metals investments.
Reasons for further increases in precious metal prices
Predicting price developments on the precious metals markets is naturally fraught with uncertainty. However, there is much to suggest that precious metal prices will continue to rise significantly in the coming years. Various factors suggesting this have already been discussed, three of which are highlighted here:
Finite nature of mineable underground resources
The finite nature of mineable underground resources of gold and silver is still largely ignored by the markets. In the coming years, however, the increasing depletion of economically mineable precious metal deposits is likely to come increasingly into their focus. New discoveries are becoming rarer, and average mineralization grades are falling. Particularly with regard to silver, major new discoveries are questionable due to the proximity of the deposits to the surface.
Loss of confidence in the paper money system
Official inflation measurements do not adequately reflect actual inflation. The more market participants become aware of this, the more confidence in the paper money system is likely to wane. The most important world currencies have already depreciated significantly against gold and silver since the turn of the millennium. Together with increased investment demand and the discussion about a new precious metal-backed world reserve currency, this is an indication that precious metals are once again being seen as having a monetary function. The financial market crisis of 2008/2009 and the sovereign debt crisis of 2011/2012 have significantly accelerated this trend. Numerous emerging countries are in the process of shifting parts of their currency reserves into precious metals. in 2010 and 2011, global gold purchases by central banks exceeded their gold sales for the first time.
Capital reallocations
In the future, physical assets in particular will be in demand as a capital investment. Precious metals have the advantage over land or real estate holdings of being mobile, homogeneous, divisible and indestructible tangible assets whose prices are determined daily on the stock exchange and which can be traded at any time. Investment funds are therefore likely to increasingly enter the precious metals markets in the coming years and new ETFs will be launched.
Book & eBook "Gold & Silver for Beginners" free for you
"An exciting and educational book that will spark interest in investing in precious metals even for people like me who have never looked into this topic before." - Concluded the editor, who subsequently bought gold for the first time.
What are the pros and cons of precious metals? Which bars and coins are recommended and why? What are typical beginner mistakes and how can you recognize a reputable precious metals dealer? Where and how to store precious metals safely? To these and many other questions (not only) beginners will find answers and tips in this approximately 200 pages comprehensive basic reading of precious metals expert Tim Schieferstein on the subject of gold and silver.
With this book we would like to carry out clearing-up work and make so the entrance into a capital investment in precious metals easy. Therefore GoldSilberShop.de gives both the eBook and the printed book to you! Secure your copy today!

Weitere Informationen und Ihre nächsten Schritte:
Geschichte von Edelmetallen als Währung
Angebot, Nachfrage und Bestände
Historische Wertentwicklung
Prognose für die zukünftige Wertentwicklung
Investitionsmöglichkeiten
Zusammenfassung
Silber Neuheiten
Feinsilber
Silber kaufen
1 kg Silbermünzen
1 Unze Silbermünzen
Silberunze
Tubesize
Silberankauf
Ankauf von Silberbarren
Ankauf von Silbermünzen
Maße & Gewicht: Silberbarren
Mehrwertsteuer bei Silber
Silberpreis
Das deutsche Stempelgesetz von 1884
Edelmetalle
Edelmetalle kaufen
Edelmetalle verkaufen
Gold, Silber lagern
Gold-Silber-Ratio
Privy Mark Münzen
Goldsparplan oder Silbersparplan
Goldverbot
Echtheit von Gold prüfen
Hausratversicherung für Gold
Tresor
Bankschließfach