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With gold by the greatest of all crises
Roland Leuschel counts since the early 80s to the big Börsenberühmtheiten in Europe and has been in force since the Black Monday crash in 1987 as a prophet.
In EXCHANGE ONLINE Leuschel regularly analyzes the developments in international capital markets.
In the 2004 book "The Greenspan Dossier" I recommended that investors, at least 25 percent of their assets in physical gold them. Since 2004, the gold price in euros, more than doubled. Yet I continue to recommend a high proportion of their assets in gold and precious metals investing. This decision reminds me a little difficult, because who in 2004 followed my advice and actually one quarter of its assets in physical gold landed, today notes that the precious metal is already well over 50 percent of its total assets, because other parts of the portfolio since 2007 significantly are shrunk. From the perspective of optimal risk diversification of a portfolio is the over-weighting of gold is certainly not recommended. But the global financial and economic situation remains difficult, and I do not rule out that only one third of the rocky path behind us.
American scientists have all the crises of the past 80 years in 66 countries analyzed. On average, these crises lasted 3.5 years, but in extreme cases they can go much longer, and in extreme cases would be only in the year 2018 a fundamental improvement to be expected. Since the current crisis as a "mother of all crises" can be described, we have still a long, difficult road ahead.
The road to the proud past of the gold price gains of 330 euros per ounce to over 700 euros for the investor was not straightforward. Wie in allen Haussen gab es mehr oder weniger stark ausgeprägte Gegenbewegungen und Korrekturen. Make sure to recognize that the way the gold price in coming years will remain bumpy, because gold has not only friends but also many serious enemies. The largest and most powerful enemy and friend at the same time, the gold investors are the state and its banks. You determine the price of gold always.
Who gold and gold coins at his home or elsewhere, covertly, of course, must also reckon with unpleasant visit. So anyone telling you of your gold ownership. Also, investors should be prepared that in the not too distant future governments could be tempted, the example of Franklin D. Roosevelt to follow. The American President banned private investors from 1933 owned physical gold. Before it so far, the investor must expect that tax rates on profits from investments and a gold on gold investors Spekulantenhatz done. Indeed, is there anything worse for a government than people who see through dubious fiscal policy, and dare themselves from the consequences of which to bring in security?
Use therefore any major price correction in gold purchasers, and sprinkle your possession geographically. Critically, it is only when the price of the ounce, the 2000-dollar mark, has exceeded. But there is still a lot of air.