Spain - Shoots the demand of gold and the precious metal begins skimping
15-10-2008 newspaperThe financial crisis has shot the golden demand in Spain, where the precious metal is beginning skimping. The investors see his deposits being in danger immediately after the successive banks failures and come in mass to the investment of the gold making use of his value quality I shelter.
The increase of the golden demand has stopped without stock to distribution commercial and big banks in Europe, which they have chosen to limit the quantity that it is possible to acquire and even to give delivery dates to 2 months.
The tails to buy gold in Germany, Austria and Switzerland have been a news in all these countries and, at present, in Spain also it begins skimping the gold.
To his seeming, the volatile nature of the bag and the downward tendency of the real estate market make even more attractive the investment in gold, which has been revalued 25 % annual in the last 5 years, profit that will be even major the next exercise.
The liquidity injections to the European banking will transport an increase of the inflation and a dangerous loss of the purchasing power of the paper money, what will redound to the revaluation of the gold.
The gold raises according to the role quantity money that is printed on the world, the more it is printed, the more it will raise the price of the gold.
15-10-2008 EP
