ZLATO - pozitívne dôvody k nákupu

So far, I've just covered the reasons that could send you hiding under the bed. But there are plain ol' bullish factors for gold.

According to the World Gold Council, members of the Central Bank Gold Agreement sold 297 metric tonnes of gold so far in this agreement year (which ends in September). This suggests that the full 500 tonne quota will not be released to the markets this year. Less supply usually means a higher price.

Production from the world's gold mines remains flat. The big gold price increases seen over the past few years has not stimulated any significant global gold production increase. Indeed, output may well show a small decline over the next few years. Production is already falling off a cliff in South Africa, formerly the world's biggest gold producer.

Jewelry demand in India, the biggest fabrication market on Earth, is beginning to pick up again while emerging markets like China and Vietnam are having a sharp impact as their populations get more money and therefore buy more gold.

And investment demand from gold and silver ETFs is continuing to increase, soaking up more metal from the market, making a tight supply and demand situation tighter and helping put a floor under the price.

Článok: MM

18.07.2008

"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