THE RISING GOLD PRICE MAY BE A THEME FOR DISCUSSION IN THE NEXT G 20 ECONOMIC SUMMIT IN SEOUL.

Gold price has hit $1,400 in the month of November and may reach the a mount of $1,600 by the year's end, or early next year as has been previously anticipated and yet the experts in the various fields of business, trade and the economy seem not to know, or may have looked out at the rising price of gold in the world markets.
Some experts have claimed that the rising gold price has been attributed to the European budget deficit, while others have put it on the increasing trade deficit and shrinking competitiveness in the globalized economy. The fact that has not been made known in regard to the rising gold price in the world markets has been the use of gold as a blanket for the devaluating major world currencies and this has resulted in the request for a new currency valuation methods to the current standardized currency valuation to the precious metal gold. This request may, or may not be presented and resolved in the coming G20 economic summit in Seoul.

Written by Godfrey Ohia.