ZLATO – keď emócie začnú prevládať

Zlato vynesú k vyšším úrovniam ani nie tak fundamentálne základy, ako naše emócie.

When will the average investor pay attention to gold? At $1,000! When gold hits $1,000 it will print on the front page everywhere and on every website in headlines that go something like "INFLATION FEARS DRIVE GOLD TO $1,000". At $1,000 it is game on. At $1,000 CNN gets involved (as opposed to CNBC which only you and I watch).


Ok, you want fundamentals. Here is the standard blah, blah:

• Indian jewelry demand.

• Gold ETF may become world's largest holder.

• Central banks are buying gold (or selling or manipulating it depending on who you believe).


Boring!!!


Gold is going to $1,000 because we want it to, not because of any fundamentals. It makes for great drama and great headlines: Gold at $1,000! Economy In Recession! Inflation Fears Rampant! We want it, we need it, it fits the mood.


Have you ever held a 1 oz. American Eagle in your hand? It is a truly powerful feeling and you can't help but think to yourself, "this is so cool." Don't buy gold on fundamentals. Buy gold on emotion! Emotion drives the fundamentals, which is the difference between gold and any other long-term investment.


Zdroj: goldseek.com

11.01.2008

"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

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