Zlaté obdobie pre PMs?

Pred nami pravdepodobne stojí obdobie veľkej nestability mien, z čoho by zákonite mali ťažiť drahé kovy. Avšak v súčasnosti nastáva situácia (čo sme v minulosti aj avizovali), kedy USD a zlato idú v tandeme k silnejším úrovniam (tinyurl.com/25cn8rr). Otázne je len, ako dlho...

Go back to the 1970s and the last precious metals boom. In the late 1970s gold prices rose eight-fold and silver by a factor of 25.

Fast forward to today and you have ArabianMoney editor Peter Cooper publishing a book predicting a rise in gold prices to $5,000 as the world goes through something like a re-run of the mid-70s.

Then as now a massive credit expansion produced a huge bust in property and then stock prices, and governments reflated to counter the downswing.

However, life is never that easy for investors. Silver is volatile and fell by more than gold in the 2008 sell-off. Will this happen again if industrial commodities fall due to margin calls in a falling stock market? And it was this liquidation of the carry trade that brought precious metals down in 2008.

You cannot be sure. Then again if you do not invest now you might miss the best price levels. For the market cycle has moved on since 2008 and investors are not so highly leveraged and therefore may well not have to dump their gold and silver in a crash.

Indeed, most instability is likely to come in the currency and bond markets next and this is precisely where precious metals have their greatest strength as real money that cannot be devalued by the printing press. Ergo the best is yet to come for gold and especially silver.

Článok: http://news.silverseek.com/SilverSeek/1273936656.php

17.05.2010