At press wowgold time, benchmark gold futures spot month contract price, for a time in New York yesterday wow account reached $ 873/ounce, after September 18 per cent since February 1980, the New York gold has created one-day maximum. The wow guide World Gold Council said one person on this yesterday, gold price cycle is different from the Western economic cycle, is currently supporting the basic factors of rising buy wow gold gold prices since 2001 have not changed.
Luo Zana Wozniak, World Gold Council investment research department managers (Rozanna Wozniak) commented: “our response to the recent gold was not surprised. Financial markets after the publication of issue last week, gold prices were slightly instant gold down, because many battered investor or holder of much-needed financial help, so choosing best gold to sell cheap wow gold gold in an emergency. As the disastrous cheapest wow gold bankruptcy of powerful financial institutions, investors in the land of fear around the world wait for the next batch of bad news to come. In just one day, the world’s largest exchange traded world of warcraft gold Fund (ETF)cheap gold GLD holdings rose 6%, rose from 614 to 650 tons. Prior to this evidence, key appeared on gold wow power market buy cheap wow gold around the world a general entity buying. Since it will not be anyone’s liabilities, gold is now looks like a good investment choice. ”
Gold prices surged in recent days, is due to investors taking a “Flight to Quality” wow game policy to protect their wealth, to diffuse against the current global financial market uncertainty.
In addition to the gold “free gold safe harbor” properties, the World Gold Council warcraft pointed out that, despite the recent fall in oil prices, but inflationary pressure remained high in many parts of the world. Gold is seen as a means of combating inflation; while the real value of gold in the short term may change, buy gold but its purchasing power for centuries remained stable.
However, these factors play a role, above the long-term trends in wow gold eu supply and demand fundamentals need to be built, since 2001, the fundamentals for gold has been supporting the price of gold goes up, and these wow level factors did not change. From the perspective of minerals, gold production gradually diminished in recent years, mining only a few major gold discovery, which restricted the supply of gold and gold mining costs also increased substantially in recent years. From the perspective of demand for gold in 2007, strong global demand for gold ornaments amounting to us $ 54 fast wow gold billion, the third year in a row record. Calculated according to the tonnage, 2007 total gold demand 5% higher than in 2006.
Wozniak, said that institutional investors and retail wow gold us investors in portfolio diversification benefits are increasingly familiar with gold. Reasons for holding a diversified investment, is to protect the portfolio against any single asset class gold guide or similar trends of portfolio value fluctuation. Contain gold investment portfolio and portfolio without Gold compared wow gold to the more robust, able to better respond to market uncertainty. In addition, of gold exchange traded funds (ETFs) helps to provide a more convenient way for gold investment, gold ETFs stimulating demand, because it makes make gold trading gold becomes as easy as trading any stock or equity.