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Gold is money

insignificant as a raw material, as the currency of a gem. Gold is indispensable as a memory. THE INVESTMENT.com explains why.

"Contrary to popular perception, we have no bubble in gold, but with the paper currencies," says asset manager Bert Floss Bach. "The gold price in recent years had not increased, but the currencies have fallen." Floss Bach's forecast: The euro degenerates into common currency, the huge debt the U.S. can not have a choice. The central banks print money without restraint. Flossbach therefore expects a galloping inflation, double digit percentages, not in five or ten years, but soon. "It's missing is a dramatic event that sets the process going," he says. Gold benefit as inflation protection and ultimate currency of loss of confidence in paper money.

$ 1,000 per ounce are the lower limit
The precious metal is the oldest currency in the world. No wonder that in 2010 two thirds of world gold production have landed directly with investors. "In 2011 it will fall to 60 percent," said Thomas Benedix commodity specialist asset manager of Tiberius. Value drivers are not only investors, but above all "the exploding production and capital costs of the gold mines," said geologist and fund manager Joachim Berlenbach of the Earth Resource Investment Group. "The total costs in recent years has increased on average by 18 percent." The break of the gold mines has already reached about $ 1,000 per ounce. "Even at a moderate cost inflation of 10 percent a year she rises early as three years to more than 1,300 dollars per ounce, long-term even at 2,000 dollars. "That was only the lower limit for the gold price. Of a bubble can at the current price of 1,334 dollars per ounce are not mentioned.

If the corrections, then the futures market. "Once the speculative overhang is reduced, the price of gold continued its upward trend," says analyst Hannes precious metal tip of Solit capital. . By 1,300 dollars per ounce extend strong support levels: steep downhill, however, is not to top a lot of air - the estimates of experts ranging from 2,000 dollars (commodity guru Jim Rogers) to 10,000 dollars per ounce (the Schweizer Fondsmanager Marc Gugerli).
Quelle: http://www.dasinvestment.com