2013年9月4日 星期三

黃金和白銀自2001年以來的表現 - 在金融世界表現最好

首先,讓我們來看看自2001年以來的出色表現,金銀。下圖清楚地顯示了的悍然強大的升值的黃金和白銀相對於其他資產類別的,在過去的12年(2013年3月13號)。具體來說,這裡的總增加值期間:
黃金價格已經飆升.................................... 513%(相當於+16.4%/年的年複合增長率(*))
白銀價格的飆升................................... 570%(相當於年複合增長率(*)+16.7%/年)
全球股票(DJ全球股票指數).................... 51%(相當於年複合增長率(*)+4.0%/年)

S&P500股票指數............................................ +35%(相當於年複合增長率(*)+3.1%/年)
美國國債.................................................... 34%(相當於年複合增長率(*)+2.5%/年)
美元指數.................................................. -28%(相當於年複合增長率(*),-2.9%/年)CAGR(*)是指年複合增長率。

美元指數負的表現,是強調那些倒霉的投資者在貨幣市場基金,美國T-債券和現金的購買力遭受的損失。

全球資產分配

嚴厲的差異實際上是在表演得最好的秘密在金融領域,原因如下。下面的圖表顯示了全球總資產分配。具體而言,世界上總投資大眾按照以下分配他們的投資:
債券................................................. 49%
股票(即股票)................................ 37%
貨幣市場..................................... 9%
另類投資............................ 4%
金................................................... 1%

(禮貌的SilverDoctors.com德意志銀行)
顯然,只有在非常複雜的,消息靈通的投資者有著這樣的表現,通過將其總投資組合中黃金的一部分。

可以肯定的是,這將改變,因為互聯網(電視網絡的幫助下終於開始意識到,黃金和銀的優異表現)的普及型通信電源,它是合乎邏輯的預期,全球資產分配到黃金將成倍增長前進。此外,黃金投資增長的動力將推動等因素的影響,如:
- 越來越多的新的ETF,黃金和白銀的投資
- 越來越多的央行購買黃金,外匯風險多樣化
- 大大增加了媒體廣告的貴金屬產品
- 貨幣戰爭在世界各地,從而貶低自己的錢的價值
- 實施量化寬鬆政策,美國,歐洲聯盟和日本
- 字的口廣告的家人和朋友,從而提高整體的需求。
經濟-101規定,當需求的商品和供應增加 - 穩定或減少,商品的價格不可避免的上升。在金的情況下,每年的供應是平的。然而,銀牌案例證明每年的赤字,因為60%以上的年度礦山生產所消耗的工業用途。

鑑於上述情況,人們只能猜測黃金和白銀在未來5-10年將上升多少。事實上,沒有幾個專家預測黃金達到5000美元... $ 10,000 ...是的,甚至高達15,000元 - 和記銀運行在黃金的影子......儘管具有更高的波動性。
買者自負:所有投資者必須記住,難免會出現合併期間(即更正 - 像現在這樣),當貴金屬上漲過快,過猛。然而,這些修正是一個天賜良機,讓精明的投資者積累黃金和白銀的價格便宜。

GOLD and SILVER Performance since 2001 - The Best Kept

First let’s consider the outstanding performance of GOLD & SILVER since 2001. The chart below clearly demonstrates  the outrageously formidable appreciation of gold and silver vis-à-vis other asset classes during the past 12 years (to March 13, 2013). Specifically, here are the total increases in value during the period:

GOLD price has soared……………………………… +513% (equivalent to CAGR (*) of  +16.4%/year)
SILVER price has soared……………………………..+570%  (equivalent to CAGR (*)  of +16.7%/year)
Global Equities (DJ World Stock Index)………...........+51%  (equivalent to CAGR (*)  of +4.0%/year)

S&P500 Stock Index………………………..………...…+35%  (equivalent to CAGR (*)  of +3.1%/year)
U.S. Treasuries……………………………....……...……+34%  (equivalent to CAGR (*)  of +2.5%/year)
U.S. Dollar Index……………………....…..……….…….-28%   (equivalent to CAGR (*)  of -2.9%/year)
CAGR (*)  means Compound Annual Growth Rate.

The U.S. Dollar Index negative ‘performance’ is to emphasize the loss of purchasing power suffered by those hapless investors in Money Market Funds, U.S.  T-Bonds and Cash.

GLOBAL ASSET ALLOCATIONS

The draconian difference in performances is actually The Best Kept Secret In The Financial World for the following reason.  The chart below shows total Global Asset Allocations. Specifically, the world’s total investing public has allocated their investment s per the following:
Bonds…………………………………..……..49%
Equities (ie stocks)…………………….…….37%
Money Markets……………………….………9%
Alternative Investments……………...….......4%
GOLD……………………….……..…..……….1%

(Courtesy of SilverDoctors.com & Deutsche Bank)
Obviously, only the very sophisticated and well informed investors have enjoyed this performance by putting a part of their total portfolio in GOLD.

To be sure that will change,  because of the pervasive communication power of the Internet (aided by TV networks finally becoming aware of GOLD and SILVER’s outstanding performance),  it is logical to expect that Global Asset Allocation to GOLD will grow exponentially going forward. Moreover, added impetus for GOLD INVESTMENT GROWTH  will be fueled by other factors, such as:
-    Growing number of new ETF’s investing in GOLD and SILVER
-    Increasing number of Central Banks diversifying FOREX Risk by buying GOLD
-    Greatly increased media advertising of precious metal products
-    Currency wars throughout the world, thus debasing the value of their money
-    More implementation of Quantitative Easing in the US, Euro Union and Japan
-    Word of mouth advertising to family and friends, thus increasing overall demand.
Economics-101 dictates that when demand for a commodity increases – and supply is either stable or diminishing, the price of that commodity must inevitable rise.  In the case of GOLD, the annual supply is flat. However SILVERS case demonstrates yearly deficits, because more than 60% of the annual mine production is consumed by industrial usage.

In view of all the above, one may only guess at how much GOLD and SILVER will rise during the next 5-10 years.  In fact not a few experts are forecasting GOLD  to reach $5,000…$10,000…yes, and even as high as $15,000 – and remember SILVER runs in the shadow of GOLD…albeit with much higher volatility.
CAVEAT  EMPTOR:  All investors must remember there will inevitably be periods of consolidation (ie corrections – like the present one) , when precious metal rise too far too fast.   However, these corrections are a godsend,  allowing astute investors to accumulate GOLD and SILVER on the cheap.

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