Many operators of international finances claim that gold is the only asset which is not overvalued and they affirm that it is the right time to purchase it, preventing weak share lists, low yields on bonds, negative rates and deflation.
In the last few days, gold has increased due to a crescent demand for stores of value after the FMI and the World Bank have cut estimates of global growth, in addition to the political uncertainty of the ECB and the surprise of the Swiss National Bank regarding the exchange Franc/Euro and the survey about inflation in Germany.
Another reason behind the demand for stores of value are the undefined political elections in Greece of this weekend, with the consequent stagnation of the market, considering a dollar appreciation that makes the euro weaker.
All these elements let gold quotations grow in the short term with estimates of 30% considering the peak of 2011, -35% in 2012, 28% in 2013 and -1.5% in 2014; the year 2015 has started with a strong increase exceeding 1300 dollars per ounce.
