ZLATO – cesta k $US1000

Cena zlata v roku 2008 zostane vysoká a bude smerovať k hranici $US1000. Investori budú v žltom kove hľadať určité útočisko.

The price of gold is set to remain high in 2008, putting it on track to break $US1,000 an ounce for the first time, as the yellow metal continues to offer investors a safe haven from volatile financial markets and supply remains tight.


In 2008, gold is tipped to rise to a 28-year high of $US850 in the first quarter as financial markets jitters prevail, and could reach as high as $US1,100 by December, market watchers say.


The chief executive of the world's third largest gold producer, AngloGold Ashanti, Mark Cutifani, is very confident about ongoing strength of the gold price.


"You can take gold anywhere in the world and there will be a buyer, which can't be said for many other commodities,'' he told AAP in an interview.

GOLD

Mr Cutifani predicts gold to remain above $US800 in 2008 on the back of heightened demand, "not taking into account factors such as the high oil price and instabilities in currencies''.


"On the supply side, we've seen a decline of three to four per cent in 2007,'' Mr Cutifani said.


He believes its only a matter of time before the gold price moves up to $US1,000 mark.


"All of the factors that have been at work over the past few years, pushing the gold price higher, are very much still in play,'' Mr Wendt said.


"We're going to see further weakness in the US dollar, which has to be positive for gold.


"We'll see the continuation of strong oil prices and that inflationary effect will be positive for gold.''


In August, the vice chairman of one of the world's biggest gold miners - Newmont Mining Corp's Pierre Lassonde - told a gold conference in Western Australia that the price of gold would break $US1,000 within the medium term.


The World Gold Council's Mr Graydon said the worsening of geopolitical tensions could also add to the case for a higher gold price.


"Gold has a very long track record as a hedge against the reserve currency of the day ... as a protection against inflation ... as an insurance against political turmoil,'' he said.


"Most importantly, it offers diversification benefits.


"Gold has low to negative correlation with mainstream investments - for example, equities, bonds, real estate - and this is particularly helpful at a time when the performance of other assets is becoming increasingly synchronous.


Zdroj: commodityonline.com

28.12.2007

"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

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