{"id":1234,"date":"2011-05-12T10:42:24","date_gmt":"2011-05-12T10:42:24","guid":{"rendered":"http:\/\/gold-silver.biz\/sk\/?p=1234"},"modified":"2011-05-12T11:52:25","modified_gmt":"2011-05-12T11:52:25","slug":"zlato-zaraba-na-nervozite-trhov","status":"publish","type":"post","link":"https:\/\/investicnyblog.sk\/gsi\/sk\/zlato-zaraba-na-nervozite-trhov\/","title":{"rendered":"Zlato zar\u00e1ba na nervozite trhov"},"content":{"rendered":"

Je pod\u013ea v\u00e1s na drah\u00fdch kovoch „bublina“?<\/strong><\/p>\n

<\/strong>Je potrebn\u00e9 jednotliv\u00e9 kovy od seba odli\u0161ova\u0165. Ka\u017ed\u00fd sa toti\u017e spr\u00e1va inak. Ak vezmeme tie najz\u00e1kladnej\u0161ie, t.j. zlato a striebro, tak ka\u017ed\u00fd m\u00e1 svoje \u0161pecifik\u00e1. Cena zlata rastie v posledn\u00fdch p\u00e1r rokoch ve\u013emi stabilne a za jeho rastom stoja jasn\u00e9 fundamenty. T\u00fdmi najz\u00e1kladnej\u0161\u00edmi je bezhlav\u00e9 m\u00ed\u0148anie jednotliv\u00fdch vl\u00e1d, ved\u00face k vysok\u00fdm rozpo\u010dtov\u00fdm deficitom a prehlbovaniu ob\u00e1v z dlhovej kr\u00edzy. Druh\u00fdm, s\u00favisiacim, je potom ve\u013emi expanz\u00edvna menov\u00e1 politika, \u010do plat\u00ed predov\u0161etk\u00fdm o menovej politike v Spojen\u00fdch \u0161t\u00e1toch. Rast ceny zlata je tak logick\u00fdm vy\u00fasten\u00edm rast\u00facej ned\u00f4very v \u0161t\u00e1tne dlhopisy a papierov\u00e9 meny ako tak\u00e9.<\/p>\n

Striebro je trochu in\u00e1 kapitola. Investori sa na neho nepozeraj\u00fa len ako na n\u00e1stroj na\u00a0zabezpe\u010denie\u00a0proti \u010fal\u0161iemu prehlbovaniu probl\u00e9mov, ale aj ako na priemyseln\u00fd kov, ktor\u00e9mu sa naopak dar\u00ed v situ\u00e1cii, ke\u010f rastie ekonomika. Kombin\u00e1cia t\u00fdchto dvoch faktorov, teda dopyt po striebre ako po\u00a0bezpe\u010dnom pr\u00edstave a priemyselnom kove, zrejme viedla k tomu, \u017ee jeho cena v minul\u00fdch mesiacoch takmer nepretr\u017eite a ve\u013emi prudko r\u00e1stla. Ak u\u017e m\u00e1me pri niektorom z drah\u00fdch kovov hovori\u0165 o bubline, sk\u00f4r by som sa teda priklonil k striebru. Vzh\u013eadom k jeho funkcii bezpe\u010dn\u00e9ho pr\u00edstavu sa v\u0161ak domnievam, \u017ee ove\u013ea premr\u0161tenej\u0161ie s\u00fa teraz ceny in\u00fdch komod\u00edt, najm\u00e4 potom t\u00fdch \u010disto priemyseln\u00fdch.<\/p>\n

Oplat\u00ed sa teraz kupova\u0165 drah\u00e9 kovy, ak\u00fd o\u010dak\u00e1vate v\u00fdvoj ich cien v tomto roku?<\/strong><\/p>\n

Zlato je komodita, ktorej dlhodobo ver\u00edm ako \u017eiadnej inej. Kr\u00e1tkodob\u00e1 korekcia sa, samozrejme, ned\u00e1 vyl\u00fa\u010di\u0165, preto\u017ee rast bol v minul\u00fdch mesiacoch skuto\u010dne ve\u013emi robustn\u00fd. V dlh\u0161om horizonte v\u0161ak o\u010dak\u00e1vam, \u017ee by si malo podr\u017ea\u0165 vy\u0161\u0161iu v\u00fdkonnos\u0165, ako napr\u00edklad akcie. Politici a centr\u00e1lne banky toti\u017e robia v\u0161etko pre to, aby d\u00f4vera v \u0161t\u00e1tne financie a menov\u00fd syst\u00e9m \u010falej rap\u00eddne klesala. Striebru bud\u00fa pom\u00e1ha\u0165 podobn\u00e9 faktory ako zlatu. V\u010faka jeho zna\u010dn\u00e9mu vyu\u017eitiu v\u00a0priemysle\u00a0v\u0161ak hroz\u00ed, \u017ee by sa v pr\u00edpade spomalenia svetovej ekonomiky mohlo do\u010dka\u0165 pomerne v\u00fdraznej korekcie, \u010do by bola, pod\u013ea m\u00f4jho \u00fasudku, na\u00a0druhej strane ve\u013emi l\u00e1kav\u00e1 pr\u00edle\u017eitos\u0165 k n\u00e1kupu. Striebru tie\u017e ver\u00edm a o\u010dak\u00e1vam, \u017ee sa mu bude dari\u0165 podstatne lep\u0161ie, ne\u017e zvy\u0161ok finan\u010dn\u00fdch akt\u00edv. Jeho cena m\u00f4\u017ee by\u0165 v\u0161ak v nadch\u00e1dzaj\u00facich mesiacoch extr\u00e9mne volatiln\u00e1.<\/p>\n

Bude sa pomer cien zlata a striebro na\u010falej zni\u017eova\u0165?<\/strong><\/p>\n

Tento pomer kles\u00e1 u\u017e cez rok a po\u010das tejto doby sa prepadol z takmer 70 strieborn\u00fdch unc\u00ed za jednu zlat\u00fa na 32 unc\u00ed, aby v minulom t\u00fd\u017edni vyst\u00fapil sp\u00e4\u0165 na 40 unc\u00ed. Ke\u010f e\u0161te svet fungoval na zlatom a striebornom \u0161tandarde, bol tento pomer historicky nieko\u013eko stoviek rokov okolo 15 strieborn\u00fdch unc\u00ed za jednu zlat\u00fa, ale dnes je predsa len trochu in\u00e1 doba a \u00faloha oboch kovov v menovom syst\u00e9me je \u00faplne zanedbate\u013en\u00e1 (aj ke\u010f rastie). Kde bude tento pomer za rok, netu\u0161\u00edm. Sk\u00f4r ale o\u010dak\u00e1vam, \u017ee obdobie, kedy striebro zlato takto jednozna\u010dn\u00fdm sp\u00f4sobom valcovalo, je na dlh\u0161iu dobu za nami.<\/p>\n

Ak\u00e9 faktory pom\u00f4\u017eu k rastu cien drah\u00fdch kovov a \u010do naopak m\u00f4\u017ee ceny pribrzdi\u0165?<\/strong><\/p>\n

<\/strong>Pri zlate je to jednoduch\u00e9. \u010c\u00edm v\u00e4\u010d\u0161ia nervozita na trhoch a averzia vo\u010di riziku, t\u00fdm viac sa zlatu bude dari\u0165. Ak by napr\u00edklad vl\u00e1dy z\u00e1zra\u010dne obmedzili svoje deficity a centr\u00e1lne banky za\u010dali so zvy\u0161ovan\u00edm \u00farokov\u00fdch sadzieb – to v\u0161etko bez v\u00fdraznej\u0161ie negat\u00edvneho vplyvu na rast svetovej ekonomiky, cena zlata za\u010dne klesa\u0165 a naopak. Pri striebre je to zlo\u017eitej\u0161ie, preto\u017ee mus\u00edme v\u017edy po\u010d\u00edta\u0165 s t\u00fdm, \u017ee ide aj o priemyseln\u00fd kov, pri ktorom ide o to, ktor\u00fd z faktorov, \u010di rast averzie k riziku, alebo priemyseln\u00fd dopyt, hr\u00e1 aktu\u00e1lne v\u00fdznamnej\u0161iu \u00falohu. Zatia\u013e striebru pom\u00e1hali oba a minim\u00e1lne jeden z nich by musel odznie\u0165, \u010do je pravdepodobn\u00e9 sk\u00f4r pri priemyselnom dopyte, ktor\u00fd by mohla klesn\u00fa\u0165 v d\u00f4sledku spomalenia svetovej ekonomiky.<\/p>\n

D\u00e1 sa drah\u00fdmi kovmi \u010diasto\u010dne ubr\u00e1ni\u0165 pred mo\u017en\u00fdm kolapsom mien?<\/strong><\/p>\n

<\/strong>Ur\u010dite \u00e1no. Lep\u0161\u00ed\u00a0n\u00e1stroj\u00a0v podstate ani neexistuje, \u010do plat\u00ed najm\u00e4 o zlate.<\/p>\n

Aurot:Jaroslav Brychta, analytik X -Trade Brokers \u00a0 \u00a0 \u00a0 \u00a0 \u00a0Zdroj:\u00a0finweb.hnonline.sk<\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Je pod\u013ea v\u00e1s na drah\u00fdch kovoch „bublina“? Je potrebn\u00e9 jednotliv\u00e9 kovy od seba odli\u0161ova\u0165. Ka\u017ed\u00fd sa toti\u017e spr\u00e1va inak. Ak vezmeme tie najz\u00e1kladnej\u0161ie, t.j. zlato a striebro, tak ka\u017ed\u00fd m\u00e1 … <\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1234"}],"collection":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/comments?post=1234"}],"version-history":[{"count":3,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1234\/revisions"}],"predecessor-version":[{"id":1236,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1234\/revisions\/1236"}],"wp:attachment":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/media?parent=1234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/categories?post=1234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/tags?post=1234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}