ZLATO - $1800/oz do roka

Gold could reach $1,800 an ounce within the year as investors turn to the yellow metal for shelter amid deterioration in capital markets, an analyst said last week.

In a note to clients MacLean cited the emergence of a confluence of factors that, historically, have pushed the price of gold upward, such as high amounts of liquidity provided by central banks, record high risk spreads, declining interest rates in major economies and a weakening U.S. dollar.

Soaring gold prices also have the effect of drawing more interest in the gold sector, he noted.

If the gold price spirals upwards, gold stocks should rise with the metal's price, MacLean said.

Zdroj: GoldSeek

27.03.2008

"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