When does the gold price reaches back 800 U.S. dollars per ounce?
Kategorie: Dollar Forex, 15.September 2008
The quake in the financial sector shows how fragile the whole financial system has become. Lehman Brothers bankrupt, Merrill Lynch over taken and the insurer AIG on the lookout for 40 billion U.S. dollars. How long can the dollar resist in the forex market?
The former jewel of Investment Banking sought creditor protection. Does
it now comes to a chain reaction in the American financial system? It
has even more rotten eggs in the basket. Hedge funds, Monoliner and
banks. The question is, how long can the Fed play its role as a financial fire fighter? How long can the FED print money?Even
if the oil price has fallen back below $ 100 per Barrell , the bank
ciris also threatens the american America and the rest of the world
economic. The banking crisis in the U.S. will become sooner or later
also a dollar crisis.The exploits do even more. Because this
financial crisis shows that the financial system is weak. And what
happens if the confidence is waning? Investors are turning to safer
forms of investment, such as gold. That is why a price target of 800
and soon $ 1,000 per ounce very realistic. How to buy gold now? A
portion of the gold investment should be calm in small gold bars and
coins. Who even wants to collect more profits, can speculat with a
leverage at the gold market.