Gold Price Varying in Vietnam in 2012

 Essay upon Gold Price Changing in Vietnam in 2012

ASSIGMENT FORMAT

GOLD PRICE VARYING IN VIETNAM 2012

1 ) INTRODUCTION

Rare metal appeared a long time ago and became gold. It's a incredibly precious metal with assorted values and plays an important role in the world's economy today since it is used in a large number of fields of life such as material for making jewelry, decorator, … Besides, gold have been considered as a new currency that is irreplaceable simply by any other devices of accounts. Therefore , both individuals and businessmen include a high with regard to gold, which in turn impulses the introduction of the platinum market in every countries. In Vietnam, precious metal is used not merely as a book asset but also like a mean of payment in transactions. Long-time trend of gold price can be upward in short-time period, the price of rare metal fluctuates extremely complicatedly. Coming from 2001, gold's price increases continuously. Especially, from The spring 2006, the cost gold in Vietnam rised dramatically (from 0. 98 million to at least one. 5 , 000, 000 per unit). Although it is stability there after with 1 ) 3 million, its price all over the world and in Vietnam increases sharply, which breaks the record in 1980. Up to now, specially this year, the price of rare metal is really " hot”. That sometimes go up to 47. 4 million per product. Comparing December 2011 and December 2001, the gold's price rises about almost eight. 6 times – it can be called " the century of gold”. After increasing dramatically and continuously within a long time, the price had fashionable of reducing (from October 2011 to July 2012). But it may not be keep any longer as from your end of August 2012, it soars sharply. The enormous rise in gold price causes a harmful psychological influence on people: when the price rises, they try to buy just as much as they can, nevertheless it declines, people are likely to sell rare metal as quickly as possible. This is one of the reason behind the expectation of increasing value level of precious metal, beside the main factor through the fluctuations in global gold rates. The lack of stability of gold price seems to produce Vietnam's economic system worsen....

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13) Federal government of Western Australia, 2008, viewed 28 January, http://www.perthmintbullion.com/blog/blog/12-08-17/World_Gold_Council_Gold_Demand_Trends_Second_Quarter_2012.aspx

14) ITM Trading, Inc., 14231 In

19) Ron Paul, 3 years ago, viewed 28 January, http://www.thedailybell.com/4376/Ron-Paul-Gold-is-Good-Money

20) TH, 2012, Thêm nhiều đề xuất ổn định thị trường vàng, http://www.tinmoi.vn/them-nhieu-de-xuat-on-dinh-thi-truong-vang-011066334.html

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