From about a dozen Chief Executive Officer (CEO) intermediate gold mining companies world recently interviewed by Business Newswire, all agree that world gold prices will reach new record highs later this year.
The trend of gold price increase by the end of that year they also did not escape the economic tsunami that caused chaos on a global scale investments and the increasing number of investment institutions who need rescue.
Despite all the CEOs who were respondents in the interview agreed that gold prices will reach a new record by the end of this year, there is also reminiscent of the possibility that this increase will go through a significant decline in prices before the summer or mid-May - mid August this year.
The fall in gold prices in the summer is because gold prices usually go up / down along with the rise and fall of commodity prices, particularly energy. In the summer people require less energy so that global energy prices go down, gold also fell.
Conversely in winter, more people need good energy to heat the room as well as for food. As energy needs rise, the price of fuel also rose and gold prices also followed him.
Because the population of northern-hemisphere is capable of much greater than the population of the southern hemisphere, the season that drives the world price of gold is summer and winter in the northern hemisphere.
With an estimated price of gold at a new record of U.S. $ 1,100 - U.S. $ 1,500 is, then at what number the record price in rupiah dinar this year?. Depending on the rupiah.
Rupiah likely strengthened as foreign exchange agreement between Indonesia and other countries, such as with China through a Bilateral Currency Swap Arrangement (BCSA), which was signed recently. Conversely Rupiah also likely to fall because of the great need of debt repayment this year as I wrote on 17 March 2009.
So if we assume the amount will move in the range of USD $ 11.000 / U.S. $ - USD $ 12.000 / U.S. $; then estimate the CEOs about the gold price in U.S. $ / troy oz can we convert into dinar price in the range of USD 1,831,000 - USD 2,725,000 per Dinarat the end of this year. Allaah knows best.
