Some of the tv channels I watch have been inundated in recent years by people trying to get others to buy gold. They tout gold as a great investment that will go up in value.
If they really believe gold will be worth more next week why
do they want to sell now? Do they know something about
future gold prices that others don't know? What will they
invest the money they get from selling their gold in?
One reason they might want to sell is that they think the supply of
gold will increase and cause a drop in price. Some
people believe the Pebble
deposit in the Bristol Bay region of southwest
Alaska could contain a significant amount of gold.
Northern Dynasty Minerals Ltd. hopes the Trump
administration will approve its application to mine this
region. Approval of the application would likely cause
an increase in the price of Northern Dynasty stock and a reduction
in the price of gold.