When the price of gold rises again, we will sell every single one of our precious metals

Posted November 29, 2018 09:06:28The price of one ounce of gold has gone up from $1,800 on Friday to $1.3520 by Sunday. 

In other words, you can now buy the same quantity of gold with a single coin as you can today. 

The price increase comes as investors have taken a second look at the market and its potential returns, as well as the recent price collapse. 

“The last bull market in gold prices occurred in the early 1990s,” Goldcorp analyst Matthew Smith told CNBC.

“It was an incredibly high-water mark for the value of gold.” 

Smith noted that gold has continued to climb throughout 2017. 

Gold prices have been above $1 a troy ounce for several years now. 

But gold prices are up again, and this time, the demand is from China. 

While China has a reputation for being a bull market for gold, it’s not necessarily true. 

According to the Federal Reserve Bank of St. Louis, gold is still a “highly volatile commodity.” 

“We’re seeing a trend where the demand for gold is rising as the price is rising,” Smith told CNBC on Friday.

“This is not a silver rush or a gold rush.” 

Gold and Silver have been trading at a rally for a couple weeks now.

The silver bull market peaked in mid-September. 

As the price continued to rise, the price in silver also went up. 

When you factor in the increase in gold demand, the price of silver is expected to rise by over 30 percent by the end of this year. 

For more on the gold market, check out our report on the best places to trade the precious metal.