Die besten Gold & Edelmetall Aktienfonds

e-fundresearch: "Welche fundamentale Faktoren sind für die Markteinschätzung von Gold, Silber und anderen Edelmetallen derzeit am wichtigsten?"

Peter Meier, Fondsmanager des "Quantex Strategic Precious Metal (CHF)" (01.12.2010): "Primär die Geldpolitik der wichtigsten Notenbanken, allen voran des amerikanischen Fed und der EZB. Die inflationäre Geldpolitik ist der Haupttreiber der steigenden Investorennachfrage nach Edelmetallen und damit der Gold- und Silberpreise."

Johanna Keller, Fondsmanagerin des "LO Funds - World Gold Expertise (USD) P A" (08.12.2010): "Gold price has, over the last months repeatedly reached some new historical highs. This year the main driver for the price increase is the investment demand which is high due to the current macro environment, notably fears regarding potential currency debasements following the quantitative easing policies and fears regarding the European sovereign debt crisis. As such, gold as a safe haven asset and a hedge against devaluing currencies appears attractive to investors. Silver which is often considered as a leverage play on gold has benefited from this trend while amplifying gold movements."

Bradley George & Daniel Sacks, Portfolio Manager des "Investec GSF Global Gold A Acc Gross" (09.12.2010): "In our opinion, the most important factor driving gold and silver prices is currently investment demand, both by private investors (in the form of ETFs) and government central banks, coupled with constrained supply. Demand is high from investors who view gold as a relatively safe investment. This has been a key driver of recent ETF demand and we expect this trend to continue whilst the economic outlook remains uncertain. Demand for physical gold for jewellery has also been robust, particularly from India. On the other hand, supply is likely to become constrained by flat-to-falling new mine production. Despite the continued capital spending by the gold industry, new mine supply is likely to remain relatively flat year-on-year.

Gold's long-term negative correlation with the trade-weighted dollar index is showing tentative signs of weakening. As European sovereign concerns grow, we expect this traditional inverse correlation to weaken further. During the previous peak of the sovereign crisis in the second quarter, gold flipped to being positively correlated with the dollar. So while in the short term gold is likely to struggle against a stronger dollar, we believe the re-emergence of sovereign risk should ultimately help the yellow metal.