Je ešte stále čas naskočiť na zlatý vlak?

Cena zlata od roku 1999 vzrástla 7-násobne, s medziročným rastom 20,5%. Môžme sa obávať konca rastu, alebo je ešte stále čas naskočiť do "zlatého vlaku"? Svet pravdepodobne vstupuje to temnej ekonomickej (možno aj geopolitickej) éry s masívnym tlačením peňazí a hyper-inflačnou depresiou. V takomto prostredí sú PMs obvykle víťazmi. Takže stále ešte nie je neskoro investovať do drahých kovov.

Gold has gone up for 12 straight years in a stealth market. In the last ten years gold has had a compound annual growth of 20.5%. This is an absolutely outstanding return but investors should not look at gold as an investment but as money. Gold reflects governments’ deceitful actions in totally destroying the value of paper money by printing unlimited amounts of it. With gold up 7 times since the bottom in 1999, is it too late to jump on the Goldwagon?

The answer to the above question is a categorical NO. Virtually no major investor group has participated in gold’s spectacular rise. In spite of a seven fold increase in the gold price, only circa 1% of world financial assets are invested in gold. Whenever I talk to major institutional investors, not only do they not own gold, but they don’t understand gold either.

There are many ways to project how high the gold price can reach. Adjusting gold for real (not the published, manipulated) inflation the price would be circa $7,500. At the recent GATA conference, Adrian Douglas put forward a target of $53,000 an oz based on M3.

The world is now staring into the abyss and we are most likely entering the Dark Years which I wrote about two years ago. The consequences will almost certainly be unlimited money printing and a hyperinflationary depression.

Článok: http://goldswitzerland.com/index.php/too-late-to-jump-on-the-goldwagon-question/

17.08.2011