A sharp rise in prices for precious metals around the world. Growth expected ↗
Around the world, from about middle of July the prices for precious metals began to rise sharply and less a month the cost of silver increased by 56%, and gold by 68%..
In the world, the prices of currencies and many materials including precious metals are formed on the basis of the prices of the “London Stock Exchange”. There are set by it twice a day. Over a long period of time, from 2016 to July 2020 there were minor fluctuations in value. But since middle of July a new higher price has not kept itself waiting for one day.
Suppliers of gold and silver said about more value increases are expected in the near future. But fortunately at the moment the growth in value has practically stopped and remains unchanged.
In connection with the current situation the most large industries are forced to raise prices for their final product in order to stay in the business. These are the production of medium and small jewelry manufacturers. For some companies it becomes a matter of survival. The same producers who do not raise prices have an overvalued stock before. The others meet difficulties to loss rejection of their regular customers.
In the world, the prices of currencies and many materials including precious metals are formed on the basis of the prices of the “London Stock Exchange”. There are set by it twice a day. Over a long period of time, from 2016 to July 2020 there were minor fluctuations in value. But since middle of July a new higher price has not kept itself waiting for one day.
Suppliers of gold and silver said about more value increases are expected in the near future. But fortunately at the moment the growth in value has practically stopped and remains unchanged.
In connection with the current situation the most large industries are forced to raise prices for their final product in order to stay in the business. These are the production of medium and small jewelry manufacturers. For some companies it becomes a matter of survival. The same producers who do not raise prices have an overvalued stock before. The others meet difficulties to loss rejection of their regular customers.
Published: 05.08.2020
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09.08.2020