ZLATO - $1000 už v 2008?

Pokračovanie oslabovania US dolára, ako aj diverzifikácia USD rezerv ázijskych krajín môže v budúcom roku vyniesť cenu zlata až na US$1000.

Gold may “easily” rise to a record $1,000 an ounce next year as the dollar weakens and Asian central banks diversify their reserves, said Marc Faber, who advised investors to acquire the metal at the start of a six-year rally.

A “continued” weakening of the US currency may help gold to climb above its all-time high of $850 traded in January 1980, said Faber, managing director of Marc Faber and publisher of the Gloom, Boom and Doom Report.

“That’s baked in the cake in my opinion,” he said in an interview.

Safe Heaven

“Gold is still relatively cheap. It hasn’t risen as much as nickel, or oil.”

The metal has climbed 18 percent in more than two months as the dollar slid to a record low against the euro amid concerns of the economic impact of US subprime-mortgage defaults.

“I don’t know of any market that goes up in a straight line,” he said.

“A continued correction from here wouldn’t surprise me; it’s a correction, a setback, in an ongoing bull market.”

Faber’s 2008 forecast echoes that of London-based research company GFMS.

Gold’s rally may extend to $1,000 because of “very strong investor interest,” said GFMS executive chairman Philip Klapwijk.

UBS AG, Europe’s biggest bank by assets, lowered its one-month estimate for gold on Nov. 13 to $750 an ounce, a week after raising it to $850, saying bullion’s rally was overdone.

Gold demand rose 19 percent in the third quarter, led by a sevenfold increase in investment in exchange-traded funds backed by bullion, the producer-funded World Gold Council said Thursday.

Purchases of so-called ETFs and similar products rose to 138 tons from 19 tons as investors sought a haven from the turmoil in the financial markets.

Zdroj: tinyurl.com/2ufgas


"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value."   Alan Greenspan