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Main » 2011 » September » 4 » The eternal value of gold
08:34 The eternal value of gold |
 The eternal value of gold
Gold
prices continue to hit new historical record: successfully overcome bar
in 1800 dollars, and now to take the heights in 1900 dollars per troy
ounce. At a time when global economic
recovery in question, and the supply of U.S. dollars from the Federal
Reserve System in the next so-called quantitative easing is growing,
investors prefer not to risk it and buy tools, time-tested.
It
is obvious that as long as the debt crisis in Europe and slowing U.S.
economy will not be terminated, gold remains as the main source of
stability. Moreover, the attraction (ie value) of the precious metal could still rise. Gold increases in the price for 11 consecutive years, from the beginning of this year, the yellow metal has gained 34%. It
is noteworthy that the trend in demand for gold is supported not only
by institutional investors and private players and central banks that
seek to replenish their reserves: in the second quarter of 2011, they
purchased 70 tons of gold bars.
The demand for gold increases around the world. And
what remains to be done to investors, when trust in traditional,
seemingly unshakeable investment, like treasury bonds of the United
States, now is not as strong as before?
Gold turns to a new world currency - the landmark of the entire financial community. Let this temporary defensive asset, but it is the reality: alternative simply does not exist now.
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Views: 1837 |
Added by: Nikola_dv
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