Pearl Necklace

Thursday, August 3, 2017

Gold is becoming an increasingly popular commodity. Russian Gokhran, who once gave all the gold to the Central Bank, now, according to Interfax, is forming its own gold reserve, which may indicate that in this turbulent time, yellow metal is considered a "quiet haven" for state assets. Burning their fingers on the game with all sorts of derivatives, private investors are also "running away" into metal, which creates additional and considerable pressure on the gold market. The price of this metal recently stopped at $ 837 per troy ounce and, as experts say, has a general tendency to increase rather than decrease. According to the median forecast of 20 analysts polled by Bloomberg, the average price for a troy ounce in 2009 will be 910 dollars, and four of them predict, That by the end of the year gold will rise in price to 1000 dollars. The volume of gold turnover in 2008 increased by 58% worldwide, and the total volume of gold trading last year, according to International Financial Services London ( IFSL) , reached a record $ 20.2 trillion. All this indicates that after a stroke that overtook the US financial system, the dollar and the world financial system tied to it ceased to be trusted, which led to a global gold rush.

This process signals that currently there is a hidden maneuvering of resources, during which the national currencies tend to take the most advantageous position in relation to the dollar in anticipation of further developments. In essence, this means a move toward weakening of currencies in order to support their export opportunities. Or, in other words, save the chance to send your problems to others, instead of getting them from outside. However, the bustle of this kind ultimately forces everyone to change paper money for gold in order to protect themselves. The Russian ruble is not an exception. Further events, including the fate of the dollar assets accumulated in the world, as well as the entire world system of settlements in American currency, will largely be related to the economic policy that the new US administration will choose.

http://rough-polished.com/ru/analytics/21690.html

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