gold price trend

2011年8月12日 星期五

gold is the best investment,50 times returns 40 years

gold is the best investment,50 times returns  40 years

In the United States and Europe, the serious debt problems, kept the occasion of the stock market volatility, gold has once again become the cornerstone of wealth and security, the price of gold rose to a record-breaking 10 ounce 1,800 yuan, 11, dropped to 1751.50 yuan slightly, is 40 years $ 35 an ounce before the gold 50 times. Gold investors predict that the coming gold price may rose 5,000 yuan.
United States Executive Director of precious financial adviser, also a senior economic adviser Rosland Capital Nichols said: "I believe gold will be irregular in the next few years, rising, probably end of this year rose to 1850 yuan per ounce in 2012 would exceed 2000 yuan may also be up to 3,000 yuan or 4,000 yuan, rose the next few years is more likely 5000. This prediction was based primarily on my observation (or think) the U.S. and Europe for decades have been in Mao Yin food grain. "
15 is the United States to abandon the "gold standard" (gold standard) 40 anniversary, but has not given up gold investors' confidence in gold.

1944 Bretton Woods agreement to make provision for convertibility of national currencies, each of which is equivalent to the value of $ 35 an ounce of gold, so-called "gold standard." From the end of World War II until 1971, an ounce of gold prices are fixed at $ 35. August 15, 1971, President Nixon for the fight against inflation, the dollar and gold decoupling that repealing the "gold standard", called the "Nixon shock." Later, the American people allowed to own gold, gold transactions become increasingly hot, and an economic crisis of the hedge.

In the 1990s, the price of gold per ounce 250-420 yuan. Gold rocketed from the end of 2005, after the 2008 financial crisis, the market panic fueled by safe-haven buying, resulting in 2009 stand on the gold price 1000 yuan mark. In recent years the rising price of gold, 11 to 1751.50 yuan.
Gold investors think gold is the best investment, the investor's portfolio should include gold, that the stock market setback hedge. They also expect the price of gold will continue to rise.


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