ZLATO - stále je dobrý čas na nákup

It's a law of physics - what goes up must come down. But when it comes to gold, the drop may be short lived.

Gold broke the long awaited $1,000 an ounce mark on March 14, but within a few days it was back down under a grand. Now what? "There is still time to act," said Kirk Kelly of The Coin Depot, Greenville, S.C. "I think metals will go higher." What we're seeing now is a correction in the market, he said.

"Gold is picking up a correction," he said. "It's gone down after going up, up, up, up. That's natural. The correction we saw is about 10 percent, which is typical in commodities." It's just the way the market works, said Paul Sims of Paul Sims Inc., Richmond, Va.

"Typically a bull market, a market that is advancing, goes up four or five days, goes down a lot one day, goes up two, three or four days, and then goes down a lot the next day.

"But it's always still trending up." There's just no such thing as going up in a straight line, Sims said. "Not any where, any way, any time."

A bullish market will be up more days than it's down, while a bearish market will be down more days than it's up.

"If people don't own as much gold and silver as they think they should, I would consider adding to my position," Kelly said.

Zdroj:www.numismaster.com

31.03.2008

"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