The gold and the silver market has been on an incredible rollercoaster ride over the last few years.
In the years following the global financial crisis, gold and its relative value have surged from around $US4,000 to more than $US40,000.
And as the price of gold has surged, the value of its physical value has been reduced by roughly half.
The gold market is now experiencing a price crash and is still in the early stages of recovery.
The reason for this has been the steady rise in global interest rates.
As gold prices have increased, interest rates have fallen and the supply of the precious metal has declined.
So what is happening to the Australian dollar?
It has been a tough couple of years for the Australian economy, but the current financial crisis is not going to bring the same level of turmoil as the 2008-2009 financial crisis.
As the gold market has continued to surge and prices have fallen, so has the supply, and as supply has increased, the price.
In other words, we are at an interesting point in the gold price history.
In the last 12 months, the global gold market price has risen from about $US1,000 (before the financial crisis) to $US2,500.
This represents a 4% increase in the value, or about $1.2 trillion, over the same period.
In fact, the increase in value over this time has been even larger.
For the first time in Australian history, the world’s demand for gold has surpassed the supply.
And the price has gone up.
This is a dramatic shift in the market.
We have seen a shift in interest rates from zero to negative interest rates, as well as the rise of global gold trading.
And yet, we do not have an official peak in the demand for the precious metals.
However, we have witnessed an increase in supply over the past 12 months.
Gold has continued its steady rise, and the Australian market has responded.
Over the past few months, demand has increased by around 6.5% and supply has grown by about 2.2%.
We may be at the end of a gold boom, but at least we have a few months left before the next one.
But the question is, what will the next boom look like?
In fact, a few years from now, when the market is back to normal, the gold prices will likely look like this:Gold has been rising rapidly, and is expected to continue to rise at an incredible rate.
We can expect the market to continue moving at a record rate of growth for a long time to come.
The current economic and financial situation is in a very good place, but we do need to get used to the fact that there is a price bubble in the world.
Australia is a very expensive place to buy and sell precious metals, so we will likely see an even higher price in a couple of months.
The value of the gold we are seeing right now is quite impressive, but it is not enough to sustain the current price growth for many years to come, as the market continues to grow and supply continues to increase.
While the current economic situation is not as dire as it was during the 2008 financial crisis and the Great Recession, we need to recognise that we will probably be seeing another bubble in coming years.
Sources: The Australian Financial Report, ABC News, Financial Times, Gold and Silver News, The Conversation