Zlato sa môže dostať na $1900 až $8500
SocGen radí nakupovať zlato ešte pred QE3. Cena zlata je veľmi senzitívna na US QE3, ktorý sa predpokladá na US$600 mld. Tento fakt môže od marca 2012 vyniesť cenu žltého kovu na rozpätie US $1900/oz až US$8500/oz.
Buy gold ahead of QE3 as money creation has a strong impact on prices" - in other words just as we suggested yesterday courtesy of the Don Coxe correlation chart. Why gold and not BAC? Because, "Gold is highly sensitive to US QE, as every dollar of QE goes into M0, triggering the debasement of the USD. Gold = $ 8500/Oz: to catch up with the increase in the monetary base since 1920 (as it did in the early 80s). Gold = $1900/Oz: to close the gap with the monetary base increase since July 2007(QE1+QE2)." So go long a bank that may well go bankrupt and return nothing before it at best doubles, or go long a real asset, which will always have value and may quadruple in short notice? The answer seems simple to us...
29.11.2011
"Let me issue and control a nation's money supply, and I care not who makes its laws.” Mayer Amschel Rothschild
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance." James Madison