In an era of massive financial liquidity coming onto the market from the major central banks , especially in recent years, more visible interesting moment when gold started its rally on news of the reduction of the quantitative easing program. And while global indicators SRІ rather weak , gold remains in a good position – analysts say TeleTrade. The idea is that with low inflation metal should not use such a success among investors .
To understand this paradox , look at the world economy globally. There are two categories of countries : developing with strict control over operations on foreign assets and developed world, where there is no such control . Even the richest man in the country with such a control is not always able to place their assets outside the country , and even buy U.S. Treasury note. But on the other hand, you can always buy gold at least on a local scale . Thus, in certain conditions , gold becomes saving niche.
In the current environment of uncertainty , emerging markets are quite risky. Local investors are not protected from ineffective policies that lead to hyperinflation , devaluation , defaults , unexpected taxes on capital transactions . So – Observer Expert TeleTrade, – gold and becomes a hedge against dangerous and unpredictable politician authorities. In addition, also saves from unexpected drawdowns on local stock markets. And this approach is justified.
Today, the markets are doubly victimized. From internal tightening and fluctuations in interest rates and the Fed from cutting program QE3, which resulted in growth rates volantilnosti the U.S. market. In this scenario , it looks natural growth of gold as a refuge from risk . And while America presents volantilnost worldwide , then gold will be in demand .