New York, NY (PRWEB) February 08, 2013
If recent history has anything to say about it, the gold price could be on its way to never before seen heights once again in 2013. A review of gold prices since 2005 reveals a 21-22 month cycle that, theoretically, is set to come around again, sometime between May and July. In the last eight years, gold experienced four regularly spaced London PM fix price peaks:
- May 12th, 2006: $725
- March 17th, 2008: $1,011.25
- December 2nd, 2009: $1,212.50
- September 6th, 2011: $1,895
Each peak was followed by a long, deep correction, making these four more significant than other secondary peaks that occurred in the interims. Furthermore, two to five months before each peak, the gold price behaved similarly to the caprice we saw in January.
Arthur McGuire, Vice President of Gold Price, says, “We are starting to notice this striking pattern in the gold price in the last eight years, and although no one knows what will happen tomorrow, history does have a funny way of repeating itself. If it does this time around, then buying gold now, when prices are relatively low, could mean the potential for significant profits in the near future. Aside from profits, gold is also the best investment for protecting wealth and, in fact, our analysts here at Gold Price recommend going long with gold, as this peak, were the cycle to continue, would most likely not be the last in the trend. We could possibly see three more cycles like this in the coming years, which means the gold price is all but set to go through the roof.”
Gold Price (GoldPrice.net) is a leading precious metals advisor since 1992 with headquarters in New York, California, Texas, Utah, New Mexico and Puerto Rico. Gold Price is also a direct gold and silver dealer, specializing in purchasing, selling and trading physical gold and silver, such as modern bullion bars/coins and certified rare coins. They offer investors a free award-winning gold starter’s kit by visiting http://www.goldprice.net or calling 1-800-767-1423.