How to contact us. Use torsten(at)commoditytrading.co.za . Sent small profile and request.
Postbank expects gold price rose to $ 1,900 a troy ounce
Golden times are upon us. In any event, economists predict the Bonn Deutsche Postbank AG. The current gold price of 1,770 U.S. dollars per troy ounce this fact see the end to rise to $ 1,825 per troy ounce. More than that. , If its Chief Economist Dr. Marco Bargel, can the price of gold to crack within a year, even the previous record of $ 1,900 an ounce. There are a total of reasons.
One factor: ECB government bond purchases
A reason for the price rise, the Bonn economists see the unlimited government bond purchases by the ECB. Their program "Outright Monetary Transactions" (OMT) by ECB chief Mario Draghi flushed liquidity in the markets and caused a trend towards devaluation of currencies.
The requirement that each State must hatch before taking into account the requirements under the ESF or ESM bailout offered, investors do not seem sufficient security. The fear of increasing inflation risk they had traditionally subsequently invest in gold.
Another factor: The financial policy of the central banks
Even central banks are following this trend since about 2009 to address risks less in euros and dollars and diversify into gold by transfers to. The purchases to "sterilize" to obtain neutral impact on overall liquidity, is their plan. By 2011, accounted for 10% of total gold demand in central banks.
Even the extremely expansionary monetary policy does not contribute to restore confidence in classic reserve currencies like the U.S. dollar. Therefore it can be assumed that the demand for gold by central banks will continue to increase. With implications for the gold price, even if no such rapid growth since mid-August as expected.
Additional influence of the U.S. Federal Reserve
A similar gold-buying wave was triggered recently when the U.S. Federal Reserve began mortgage-backed bonds worth 40 billion purchase. The "quantitative easing" is now every month in support of the labor market and push yields push so the economy.
Low interest rates also accelerate the interest in gold
Ultimately, investors are given low global interest rates remains anything but ideal conditions for positive returns with acceptable risk. Another reason the gold to a favorable investment makes. While throwing gold from no interest but gold seen in the last 10 years in almost every year, a two-digit euro value as capital gain.
