ZLATO – prečo cena prekročí $1000

I have read a number of research reports explaining why gold will top $1000 per ounce. Most of them detail very logical arguments based on the supply and demand dynamics that will lead to increases in gold prices. But I'm going to share some extra points that I think lead to this same conclusion:

One Bubble Begets Another: The speculative excess of the stock market bubble of the late 1990's transitioned into a housing bubble in the early part of the new century. And now that bubble is bursting as well. So where do speculative investors turn to get outsized returns? We can already see some signs that the answer is gold.

$1000 is a 'Magical Number.' We are so close that just from speculative frenzy the price begs to be reached. Just like $100 oil was a 'magical number' that compelled buying pressure to reach that point.

Marketers: If you are like me, then you get plenty of offers from investment companies marketing their service. I have seen a great increase in the frequency of offers for gold newsletters. I think they smell the 'blood in the water,' and want to get people on board while the getting is good. Many are talking about $2000 gold (now that's a real attention getter). Whether it's true or not is irrelevant.

So if you are attracted by the fundamental story to gold and appreciate my points above, then it may be worth your while to profit from the potential rise of gold. Right now, gold is only 5% away from $1000. That is a pretty modest return if you just buy the raw commodity. However, gold mining stocks usually provide a return 2-3X greater than gold itself.

Zdroj: www.zacks.com

27.02.2008

"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