Tuesday, September 23, 2014

GOLD: Learn why cheaper gold – Interia

GOLD: Learn why cheaper gold – Interia

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Why gold cheaper? / © 123RF / Picsel

According to some analysts, may continue to fall. Donald Malicki of the Polish National Bank predicts that even under a thousand dollars an ounce. – May even come to $ 800 per ounce and then the price of gold will begin to grow – highlights Malicki. According to the expert, there is currently no reason to start buying the commodity due to projected for the coming years the environment of low inflation and low interest rates.

To invest in gold do not encourage investors no longer even the political unrest in various parts of the world, led by the Ukrainian conflict. – An ugly it sounds, but it is not the level of conflict, which could cause an increase in the price of gold – highlights Malicki. Gold is the subject of the operation by the central bank – Jakub Skiba adds. Former member of the Board of the NBP in an interview with IAR explains that gold by some central banks are sold off, while others buy them.

The different types of operations that are designed to either decrease or increase the value of gold, depending on the currency and monetary policies of individual countries. The role of gold in the monetary system is dedicated to today’s seminar at the premises of the National Polish Bank in Warsaw. In the capital branch of NBP at pl. Warsaw Uprising was also an exhibition “War fate of Polish gold”.

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Source of information:  IAR

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