The soundness of the gold convinces the investors before the crisis
13-09-2010 golden marketIn crisis times the investors sow they look for refuge. The current situation is not different, with the extra aggravating circumstance of the fear of the loss of purchasing power of the principal currencies. This is the case of the dollar, which it will have possibly that to confront a strong inflationary current, due to high level of expense assumed by government of USA. This reduces him attractively like traditional refuge, in favor of tangible assets like the prime matters. This refuge search before the suspense favors especially to the gold, which keeps on being one of the big beneficiaries of the current crisis economically financier.
The gold advances up to being located practically in the historical maxima that it reached in the middle of June, 2010.
There attracts attention the importance that there are having, with regard to the impulse of the prices, the investors, whose buys suppose more than half of all the golden sales in the second trimester of 2010, situation that was not happening from 1979, since, normally, the principal focus of the demand of the yellow metal jeweler and industrialist centers on the sector.
In August, 2010 the quotation of the gold advanced concerning 5 %, during this month the investors increased, in case of the biggest golden investment fund “SPDR Gold Shares” that supports a value of more than 52.000 million dollars, concerning 20 metric tons of gold.
On the other hand, the previous month, in July, 2010 in which the quotation fell down more than 5 % the investors got rid of approximately approximately 38 metric tons.
When the “World Council of the Gold” began to separate the demand of the investors as a different category in 1998, this segment was representing 6.9 % of the demand, while in the 2nd trimester of this year they were already taking into account 51 %.
Now this element has turned into the principal factor that influences the prices, predominated on fundamental others like the sector jeweler or the proper mineral production.
During the current crisis economic financial the investors have looked for this one active like principal refuge making this tendency stronger to him during this spring, one of the principal reasons of the preference in the election of these assets as I shelter instead of others, there is the important and gradual loss of capacity of purchasing power of the different coins on a global scale, especially the dollar.
These losses of value are a direct consequence of the large plans of stimulus of the different monetary authorities and the difficult economic situation in which the most developed economies are.
The expectations, as the suspense is supported on the development of the economic recovery and the serious fiscal problems, will be favorable to the gold.
