ZLATO – cena by sa mohla prepadnúť až na $600

The last one year has been the most volatile year for the king of precious metals--gold. The prices of the glittering yellow metal that was going at $600 around this time last year skyrocketed almost double to touch $1033 some weeks back.

But the 'golden' bull run in gold along with crude oil price surge that had led to a frency in financial and commodities markets across the world seems to be over. These days, commodities have suddenly fallen into a lacklustre trading phase, even though the prices of crude oil and gold remain high compared to last year.

So is the bull run in gold really over? Will gold price further dip to $600 soon, if it goes down like the way it is going every day?

"Yes, two days ago gold lost $28.50. It is a big body blow to gold, and it will be diffiult for gold to recover and surge ahead now," said Adam Hamilton, a bullion analyst in London. His prediction is that gold prices could crash to $600, because of several global reasons......

Pokrač.:www.commodityonline.com/news/Gold-prices-could-crash-to-$600-11064-3-1.html

13.08.2008

"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