Dollars as alternative for gold very soon.
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Nice if you got into the market in time. Like in 2005
when gold was around 400$. The consequences of the
on and on rising goldprices for the world economy
have appeared to be a disaster.
It likely is, if you watch realistically, even
the cause of the credit crises.
Economy always brings up the chicken and egg causality
dilemma. Which came first, the chicken or the egg?
Do investors run for gold at the moment because they
expect economical problems; or did the shares go down
worldwide because everyone puts his money in gold suddenly.
If you think logically and assume that people actually
are responisble themselves, then the last one seems to be
most acceptable.
Fact is that gold is extraordinary valuable now and that
smart ones who indeed got into the market at 400$ have made
a lot of money. You most be almost crazy if you still want
to buy gold at this sky-high rates. Buying gold now is, very
clearly, madness.
As the economical prospects are getting better it seems as logical
that gold has most probably made it's crest. Or will do that very soon.
The question is whether we are going
to decrease fast or if it will be a slow way down. (!!!!)
Gold is furthmermore not profitable, you don't get any dividend at
it, only a rate increase makes the money. When the rate increase falls away
gold is suddenly not a good investment anymore.
When investors realize this, they will quickly sell and rather sell
against a plus 1000 $ then for half of the money or even less.
Important alternative for gold can be dollars. Now less valuable
but there is nothing more smart then buying a worthless currency.
If this is a worldvalue at least, like the dollar.It looks like
there is almost no other choice than buying dollars. The total amount
of the goldstock is 4900 billion dollar. (based at 150.000 tons of gold)
And that whilst President Obama is allowed to use 7000 billion for
recovery, from which he only used 1000 billion.
The present high goldprice is a very big problem. The money is to be precisely
at the wrong place. Governments and central banks (with speculants
tracking them closely) have to do everything to bring back the dollar
again at normal levels (like 0,85 or 0,90 or maybe even 1,1 or 1,20
Dollar/EURO)
The recession is over, the economical forecasts are good and the shares
can due to this go back fast to 2007 levels.