"Not that it is a safe haven that can be established forever, but will be influenced by economic conditions,such as the oil price.There are levels where the price bubble,"said Purbaya in Jakarta, Wednesday,August 10,2011.
If for long term investment,said Purbaya,expected by society to be careful. Because it is possible slowing economy could cause a decline in demand,so the price of gold could be affected down.
"But if it only concerns alone,kept the economy is still growing so it's nothing," said Purbaya.
Purbaya believes,if the American dollar fell not because of the recession in the U.S.,then it will not affect the price of gold. However,if the dollar falls due to recession,the demand for gold could be affected so that the price will also change.
"Once demand goes down,he will go down as well, can not escape the economic cycle, now does not anything good until December was,after that see what is happening with the economy,"said Purbaya.
Demand for gold,continued Purbaya, there may not affect the price in terms of gold prices may go up or down by itself."For example oil,in 2009 everyone said up to U.S. $ 200 per barrel,when the price fell to below U.S. $ 40 per barrel it," he said.
For that,said Purbaya,he urged people to be careful in investing. All investments remain dependent on supply and demand. "Now maybe there are some circles that penetrates the price up, when suddenly fall could have a bubble," he said.
Previously, the gold price in Jakarta has skyrocketed-reaching range between Rp490.000 Rp500.000 per gram as a reaction to economic turmoil as a result of Standard & Poor's on Friday cut the credit rating of U.S. long-term one level from AAA to AA +.
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