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IEE. In the coming year the price for gold will continue to grow
Gold already would seem ceased to carry out function of money, again in the price because of the monetary markets dynamics. Too overestimated rate of euro in relation to dollar and conservatism of the European monetary policy yet are not counteracting rise in price of euro. It has created a situation when it is difficult to build forecasts: for the events can develop under several scripts. If ЕCB will not undertake any measures, the euro will rise in the price even more, and there is a danger to import the crisis to Europeans because of growth of the external offer. If ЕCB takes measures, it will be natural to expect the growth of inflation and the subsequent unemployment in the European economic space.Thus, in the intermediate term forecast, euro bears great risks. But the dollar, with its incessant decrease, also bears risks. The developed situation with two leading world currencies forces to search for the additional tools providing decrease of risks. And gold becomes it. More and more it carries out a role of a lightning rod before expected "storm". It and many other things make gold an attractive investment tool. Nowadays the price for gold has reached $442 for ounce.
I.Makarenko
Posted on the website: 2004-12-30
Comments on this article:
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Gold already would seem ceased to carry out function of money, again in the price because of the monetary markets dynamics.