Other investors are interested in investor sentiment about such investments as it can give a clue as to whether investors will be buying or selling gold and other metals. It also gives an indirect hint as to how investors see the future economy and inflation overall.
1,036 respondents were asked if they think the price of gold will go down or up by the end of 2014 or stay the same. They were also asked by how much the price would go down or up if it doesn't remain unchanged. 69% of the respondents said that the price will increase, 25% said that it will go down and 6% said that the price will remain the same. For those think that the price will increase, 77% said that the price will increase by 1-10%, 21% believe the price will rise by 11-20% and 2% said that the price will increase by 21-30%. On the other hand, for those believe that the price of gold will go down, 54% said that the price will go down by 1-10%, 39% thought that it will decline by 11-20%, 6% believe that the price will plunge by 21-30% and 1% said that the price will go down by 31-40%. Overall, 69% of the respondents expect that the price of gold will be higher at the end of 2014.
This poll is a great tool for other investors as it can give an insight as to how investors might behave looking out towards the end of the year. If they think prices will go up, they might be encouraged to buy between now and then.
With an aim to help individuals know whether investors will be buying or selling gold, Gold3X conducted a poll among investors about the future prices of these precious metals. Gold3X is located in Houston, TX., and provides subscription services through its website, http://gold3x.com.
For more information about Gold3X, please feel free to visit http://gold3x.com/