Experts say gold price ready to rise further as global bubbles look set to burst. The victory of the Democrats in the US presidential election will likely see a rise in the price of gold. Last year there was a 35 per cent increase in the gold price, Coleman says, adding that this year's overall increase will be about the same. If the crash comes, the gold price will benefit; if governments keep putting more money into the system, the gold price will benefit, Coleman says. "Right now gold is at at 0.3- 0.5 per cent, so a move back towards the mean average of gold will have a dramatic lifting effect on the gold price."

Source: New Zealand Herald November 18, 2020 11:03 UTC