WHAT NOW FOR THE PURCHASE GOLD AND SPEAK AGAINST WHAT
The price of an ounce (31.1 grams) of gold from one record to the chase. The yellow metal has become for many savers to a "new life insurance" as the newspaper headline in the world. According to a survey by Infratest already has every 5th Investors in Germany commodities in their portfolio, about half of which related to gold.
The boom of the precious metal has several reasons: the worsening of the global debt crisis and rising inflation fears. That's why gold as a safe haven and "anti-money 'is always popular. Not only gold fund inflows recorded so strong. Also in demand are certificates and warrants that represent the gold price, or be guided by him, or shares in gold mines or mining companies, which can indirectly "in the gold rush" deserve. In addition, investors increasingly put gold coins or bullion in the vault. But the gold is worth buying now at all? The main advantages and disadvantages include:
For gold stocks currently speaks:
First Inflation. Most experts expect rising inflation. Keep it right are likely to set the prices further. Because gold is a tangible value, is an ideal hedge against inflation, since the occurrence is limited to the world. "When in doubt, the central banks will always print money. Why is gold in the long term interest," has been said by gold experts
Second The tax. Since gold was itself a means of payment used, the purchase tax free for investment purposes. Physical precious metals are directly purchased exempt from withholding tax.
Third The trend. Banks expect that the price of an ounce, on 9 August was at $ 1,736, could attract up to 2,000 dollars. Some experts even believe in the long term at a price of $ 5,000. Continue to remain the financial news is so bad, hum the gold likely to continue business.
One argument against the gold-buying:
First The lack of interest. Anyone can buy bullion or coins, cash, no interest or dividends. Gold does not work, it does not create value. Investors can only profit if the share price in €.
Second The costs. The purchase of gold bars and coins is rather expensive, because a premium is due. The smaller the quantity purchased, the greater is the proportion of the premium. In a 250-gram bars for € 10042.50 (sale price of a large bank of 10/08/2011) can be made for the difference between buying and selling price to around 230 €. This represents about 2.3% in fees. And in smaller quantities - such as an ounce - these fees at 5.8% and more. But not enough to deposit the gold in a safe deposit box at the bank will cost additional fees. If the precious metal in the safe at home, are premiums for insurance required. Many investors therefore prefer gold securities, which can be quickly and easily. Are also, especially with direct banks, the cost of purchase and sale of the security significantly lower than those for the purchase of coins or bullion. Partially cover the funds also own gold in physical form.
Third The currency risk. Gold is traded on the world market in U.S. dollars. Possible result: Buyers can therefore expect to € even lose money if the price of gold has risen in the U.S. currency.
The Outlook: In the past, about the height of the financial market crisis in 2008, suffered from the price of gold in rapid losses. Fund managers Erhardt holds a "correction of 15%" always possible. The stock would then buy more professional though. . "In five years, gold is much higher than today, they can not print gold - so do not increase supply," he says.
