ZLATO - G. Soros nakupoval

Considering the extent of the oil price decline, gold has remained very resilient as we predicted. Big money interests realise that the long term gold/oil ratio favours higher gold prices and/or lower oil prices. Forbes reported that George Soros has gone long gold and short oil.

The articles states the ratio is 10 to 1 when in fact it is 15 to 1 which would see a gold price at 15 times the price of oil.

Were oil to fall further that could see oil at some $120 a barrel and gold at some $1,800 per ounce which seems extremely likely given the level of macroeconomic and systemic risk - unprecedented in modern financial and economic history.

Článok: news.goldseek.com/GoldSeek/1216382400.php

23.07.2008

"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