{"id":1237,"date":"2011-05-12T11:51:25","date_gmt":"2011-05-12T11:51:25","guid":{"rendered":"http:\/\/gold-silver.biz\/sk\/?p=1237"},"modified":"2011-05-12T11:51:25","modified_gmt":"2011-05-12T11:51:25","slug":"na-striebre-splasla-bublina","status":"publish","type":"post","link":"https:\/\/investicnyblog.sk\/gsi\/sk\/na-striebre-splasla-bublina\/","title":{"rendered":"Na striebre sp\u013easla bublina"},"content":{"rendered":"

Na drah\u00fdch kovoch sp\u013easla \u0161pekulat\u00edvna bublina, ktor\u00e1 sa tam vytvorila v posledn\u00fdch mesiacoch.<\/strong><\/p>\n

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

<\/strong>Pod\u013ea n\u00e1s \u00e1no, hlavne na striebre i\u0161lo o bublinu. Z m\u00f4jho poh\u013eadu ide o sp\u013easnutie \u0161pekulat\u00edvnej bubliny, ktor\u00e1 sa na t\u00fdchto kovoch vytvorila v posledn\u00fdch mesiacoch. Ako sa \u0161\u00edrili spr\u00e1vy zadl\u017eovania \u0161t\u00e1tov a mo\u017enej infl\u00e1cie, tak sa investori obracali k t\u00fdmto kovom, ako k ochrane pred infl\u00e1ciou. Infl\u00e1ciu mali sp\u00f4sobi\u0165 aj vysok\u00e9 ceny energetick\u00fdch a po\u013enohospod\u00e1rskych komod\u00edt. Len\u017ee investori a \u0161pekulanti si uvedomili, \u017ee ich ceny u\u017e s\u00fa tak nebezpe\u010dne vysok\u00e9, \u017ee spomalia ekonomiku. A ekonomika bez rastu nevytv\u00e1ra vysok\u00fa infl\u00e1ciu. Tieto slov\u00e1 potvrdila minul\u00fd t\u00fd\u017ede\u0148 aj Eur\u00f3pska centr\u00e1lna banka, ktor\u00e1 nazna\u010dila \u017ee \u00farokov\u00e9 sadzby tak skoro nezv\u00fd\u0161i, teda \u017ee infl\u00e1cia je e\u0161te \u010faleko. Aj po tomto prejave sa ceny t\u00fdchto kovov prepadli.<\/p>\n

S\u00fa\u00a0zlato <\/strong>a striebro skuto\u010dnej na historick\u00fdch rekordoch?<\/strong><\/p>\n

\u010co sa t\u00fdka nomin\u00e1lnych\u00a0hodn\u00f4t, tak zlato je na historick\u00fdch rekordoch a striebro sa dostalo tesne k nim (50 dol\u00e1rov za uncu). Z re\u00e1lneho h\u013eadiska na svojich maxim\u00e1ch tieto kovy nie s\u00fa. Ove\u013ea v\u00e4\u010d\u0161ia podstatnej\u0161ia bublina sa na t\u00fdchto kovoch odohrala na prelome 70. a 80. rokov. Dol\u00e1r vtedy a dol\u00e1r dnes m\u00e1 in\u00fa hodnotu. (Rovnako ako 100 K\u010ds vtedy a 100 K\u010d dnes, alebo 100 Sk pred zaveden\u00edm eura). Tak\u017ee keby sme si vyjadrili cenu zlata v roku 1980 na dne\u0161n\u00e9 ceny, tak by bola takmer 2500 dne\u0161n\u00fdch dol\u00e1rov. Striebro bolo na svojich maxim\u00e1ch v dne\u0161n\u00fdch cen\u00e1ch na 135 USD \/ uncu za\u010diatkom 80. rokov.<\/p>\n

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

Pod\u013ea n\u00e1\u0161ho n\u00e1zoru s\u00fa ceny t\u00fdchto drah\u00fdch kovov pr\u00edli\u0161 vysoko. Nevylu\u010dujeme ich \u010fal\u0161\u00ed rast, ale pr\u00e1ve kv\u00f4li ich vysokej aktu\u00e1lnej cene je potenci\u00e1l pre v\u00fdnos ni\u017e\u0161\u00ed. Takto vysok\u00e9 ceny s\u00fa vhodn\u00e9 sk\u00f4r pre \u0161pekul\u00e1ciu, ne\u017e pre invest\u00edciu.<\/p>\n

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

<\/strong>Po\u010das 20. storo\u010dia bol priemern\u00fd pomer ceny zlata k striebru 1:47. Za posledn\u00fdch 5 rokov, ale zlato striebru „u\u0161lo“ na pomer 60:1. Teraz striebro\u00a0za\u010dalo\u00a0zlato doh\u00e1\u0148a\u0165, a aktu\u00e1lne je na 1:42, teda dlhodob\u00fd priemer. Z dlhodob\u00e9ho h\u013eadiska, je v\u0161ak trend rast\u00faci v prospech zlata. Tak\u017ee dlhodob\u00e9 zni\u017eovanie pomeru striebra ku zlatu neo\u010dak\u00e1vame.<\/p>\n

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

K rastu cien bud\u00fa nahr\u00e1va\u0165 dlhov\u00e9 probl\u00e9my v Eur\u00f3pe a USA. Preto\u017ee meny s\u00fa kryt\u00e9 iba dlhom. Ke\u010f je dlh ve\u013ek\u00fd, hodnota pe\u0148az\u00ed sa zni\u017euje. \u010eal\u0161ia vec, ktor\u00e1 zni\u017euje hodnotu pe\u0148az\u00ed, je infl\u00e1cia. Na druhej strane hrozbou pre ceny t\u00fdchto kovov je uzdraven\u00e1, funguj\u00faca ekonomika. Investori bud\u00fa chcie\u0165 ma\u0165 peniaze rad\u0161ej v prosperuj\u00facom podniku (akcie), ktor\u00fd sa vyv\u00edja, rastie a zar\u00e1ba, ne\u017e by ich mali viazan\u00e9 v tehle zlata alebo striebra. Aktu\u00e1lne vysok\u00e9 ceny t\u00fdchto drah\u00fdch kovov s\u00fa sp\u00f4soben\u00e9 t\u00fdm, \u017ee najv\u00e4\u010d\u0161ie ekonomiky chceli o\u017eivi\u0165 hospod\u00e1rstvo nalievan\u00edm lacn\u00fdch pe\u0148az\u00ed do ekonomiky. Ekonomiky sa \u010diasto\u010dne na\u0161tartovali, ale prudko vzr\u00e1stli ich dlhy. Ke\u010f bud\u00fa ekonomiky r\u00e1s\u0165 a dlhy \u0161t\u00e1tov sa zni\u017eova\u0165, ceny drah\u00fdch kovov klesn\u00fa.<\/p>\n

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

<\/strong>To je pr\u00e1ve d\u00f4vod, pre\u010do sa k nim teraz ve\u013ea investorov obracia a pre\u010do s\u00fa ich ceny tak vysok\u00e9. Denne sa hovor\u00ed o probl\u00e9moch v euroz\u00f3ne (probl\u00e9m eura) a dokonca bolo nazna\u010den\u00e9, \u017ee USA m\u00f4\u017eu ma\u0165 probl\u00e9my so spl\u00e1can\u00edm vlastn\u00fdch dlhopisov (probl\u00e9m dol\u00e1ra). Ale ja by som funkciu zlata v tomto smere neprece\u0148oval. Ke\u010f sa pozrieme do hist\u00f3rie, tak sa o kolapse dol\u00e1ra hovorilo sn\u00e1\u010f s ka\u017edou men\u0161ou kr\u00edzu, a zatia\u013e dol\u00e1r v\u0161etky\u00a0kr\u00edzy\u00a0prest\u00e1l a prestoj\u00ed aj t\u00fato. Zauj\u00edmavej\u0161ie bude sledova\u0165\u00a0euro ….<\/p>\n

Autor: Peter Bayer, analytik Next Finance \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 Zdroj:finweb.hnonline.sk <\/a><\/p>\n


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

Na drah\u00fdch kovoch sp\u013easla \u0161pekulat\u00edvna bublina, ktor\u00e1 sa tam vytvorila v posledn\u00fdch mesiacoch. Je pod\u013ea v\u00e1s na drah\u00fdch kovoch „bublina“? Pod\u013ea n\u00e1s \u00e1no, hlavne na striebre i\u0161lo o bublinu. Z … <\/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\/1237"}],"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=1237"}],"version-history":[{"count":1,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1237\/revisions"}],"predecessor-version":[{"id":1238,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/posts\/1237\/revisions\/1238"}],"wp:attachment":[{"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/media?parent=1237"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/categories?post=1237"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investicnyblog.sk\/gsi\/sk\/wp-json\/wp\/v2\/tags?post=1237"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}