{"id":7850,"date":"2014-11-08T13:11:10","date_gmt":"2014-11-08T13:11:10","guid":{"rendered":"http:\/\/geoeconomics.ge\/?p=7850"},"modified":"2014-11-08T13:11:10","modified_gmt":"2014-11-08T13:11:10","slug":"%e1%83%93%e1%83%90%e1%83%a3%e1%83%aa%e1%83%95%e1%83%94%e1%83%9a%e1%83%98-%e1%83%90%e1%83%a5%e1%83%a2%e1%83%98%e1%83%95%e1%83%98","status":"publish","type":"post","link":"http:\/\/geoeconomics.ge\/?p=7850","title":{"rendered":"\u10d3\u10d0\u10e3\u10ea\u10d5\u10d4\u10da\u10d8 \u10d0\u10e5\u10e2\u10d8\u10d5\u10d8"},"content":{"rendered":"<p>\u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d8\u10e1 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d0\u10e1\u10d7\u10d0\u10dc \u10d3\u10d0\u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d4\u10d1\u10d8\u10d7 \u10e8\u10d4\u10e5\u10db\u10dc\u10d8\u10da\u10db\u10d0 \u10d2\u10d0\u10e3\u10e0\u10d9\u10d5\u10d4\u10d5\u10da\u10dd\u10d1\u10d0\u10db \u10d3\u10d0  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\u10d3\u10d8\u10dc\u10d0\u10db\u10d8\u10d9\u10d8\u10d7.<\/p>\n<p>\u10d4\u10e5\u10e1\u10de\u10d4\u10e0\u10e2\u10d4\u10d1\u10d8\u10e1 \u10d0\u10d6\u10e0\u10d8\u10d7, \u10d7\u10e3\u10d9\u10d8 \u10de\u10d8\u10e0\u10d5\u10d4\u10da\u10d8 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d8 \u10d0\u10e0 \u10e0\u10e9\u10d4\u10d1\u10d0 \u10ec\u10d8\u10dc\u10d0\u10d0\u10e6\u10db\u10d3\u10d4\u10d2\u10dd\u10d1\u10e0\u10d8\u10d5 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d0\u10e8\u10d8, \u10e0\u10d0\u10db\u10d3\u10d4\u10dc\u10d0\u10d3\u10d0\u10ea \u10d0\u10e8\u10e8-\u10e8\u10d8 \u10e8\u10d4\u10d8\u10dc\u10d8\u10e8\u10dc\u10d4\u10d1\u10d0 \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d8\u10e1 \u10de\u10dd\u10d6\u10d8\u10e2\u10d8\u10e3\u10e0\u10d8 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10d1\u10d0 (\u10db\u10e8\u10de-\u10d8\u10e1 \u10d6\u10e0\u10d3\u10d0 \u10e1\u10d0\u10e8\u10e3\u10d0\u10da\u10dd\u10d3 2,5%-\u10e1 \u10db\u10d8\u10d0\u10e6\u10ec\u10d8\u10d0 \u10ec\u10da\u10d8\u10e3\u10e0 \u10d2\u10d0\u10db\u10dd\u10ee\u10d0\u10e2\u10e3\u10da\u10d4\u10d1\u10d0\u10e8\u10d8), \u10db\u10d0\u10e8\u10d8\u10dc \u10e0\u10dd\u10d3\u10d4\u10e1\u10d0\u10ea \u10d4\u10d5\u10e0\u10dd\u10d6\u10dd\u10dc\u10d0\u10e1\u10d0 \u10d3\u10d0 \u10e9\u10d8\u10dc\u10d4\u10d7\u10e8\u10d8 \u10d1\u10dd\u10da\u10dd \u10d9\u10d5\u10d0\u10e0\u10e2\u10da\u10d4\u10d1\u10d8\u10e1 \u10db\u10dd\u10dc\u10d0\u10ea\u10db\u10d4\u10d1\u10d8\u10d7, \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d0 \u10d0\u10e0\u10ea \u10d7\u10e3 \u10e1\u10d0\u10ee\u10d0\u10e0\u10d1\u10d8\u10d4\u10da\u10dd \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10d1\u10d0\u10e8\u10d8\u10d0, \u10db\u10d4\u10dd\u10e0\u10d4 \u10e4\u10d0\u10e5\u10e2\u10dd\u10e0\u10d8 \u10d0\u10ee\u10d3\u10d4\u10dc\u10e1 \u10e3\u10e8\u10e3\u10d0\u10da\u10dd \u10d2\u10d0\u10d5\u10da\u10d4\u10dc\u10d0\u10e1 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d6\u10d4. \u10d4\u10e5\u10e1\u10de\u10d4\u10e0\u10e2\u10d7\u10d0 \u10d2\u10d0\u10dc\u10db\u10d0\u10e0\u10e2\u10d4\u10d1\u10d8\u10d7, \u10e1\u10d0\u10e5\u10db\u10d4 \u10d8\u10db\u10d0\u10e8\u10d8 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10e1, \u10e0\u10dd\u10db \u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd \u10d1\u10d0\u10d6\u10d0\u10e0\u10d6\u10d4 \u10d3\u10dd\u10da\u10d0\u10e0\u10d8 \u10db\u10e7\u10d0\u10e0\u10d3\u10d4\u10d1\u10d0, \u10e0\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10ea \u10e7\u10d5\u10d4\u10da\u10d0 \u10d3\u10dd\u10da\u10d0\u10e0\u10e8\u10d8 \u10d3\u10d4\u10dc\u10dd\u10db\u10d8\u10dc\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d8 \u10d0\u10e5\u10e2\u10d8\u10d5\u10d8 \u10d8\u10d0\u10e4\u10d3\u10d4\u10d1\u10d0, \u10db\u10d0\u10d7 \u10e8\u10dd\u10e0\u10d8\u10e1, \u10dd\u10e5\u10e0\u10dd \u10d3\u10d0 \u10d5\u10d4\u10e0\u10ea\u10ee\u10da\u10d8. \u10d7\u10e3\u10d9\u10d8 \u10e3\u10dc\u10ea\u10d8\u10d0 \u10dd\u10e0\u10e5\u10dd \u10d3\u10dd\u10da\u10d0\u10e0\u10e8\u10d8 \u10d2\u10d0\u10db\u10dd\u10ee\u10d0\u10e2\u10e3\u10da\u10d8 \u10d2\u10d0\u10d8\u10d0\u10e4\u10d3\u10d0 \u10ec\u10da\u10d8\u10e1 \u10d3\u10d0\u10e1\u10d0\u10ec\u10e7\u10d8\u10e1\u10d8\u10d3\u10d0\u10dc 15%-\u10d8\u10d7 $1150 \u10d3\u10dd\u10da\u10d0\u10e0\u10d0\u10db\u10d3\u10d4, \u10d4\u10d5\u10e0\u10dd\u10e8\u10d8 \u10d9\u10dd\u10e2\u10d8\u10e0\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10d0\u10db \u10db\u10ee\u10dd\u10da\u10dd\u10d3 3% \u10e8\u10d4\u10d0\u10d3\u10d2\u10d8\u10dc\u10d0 910 \u10d4\u10d5\u10e0\u10dd\u10db\u10d3\u10d4.<\/p>\n<p>\u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd \u10dd\u10e5\u10e0\u10dd\u10e1 \u10e1\u10d0\u10d1\u10ed\u10dd\u10e1 (World Gold Council) \u10db\u10dd\u10dc\u10d0\u10ea\u10d4\u10db\u10d4\u10d1\u10d8\u10d7, 2014 \u10ec\u10da\u10d8\u10e1 \u10db\u10d4\u10dd\u10e0\u10d4 \u10d9\u10d5\u10d0\u10e0\u10e2\u10d0\u10da\u10e8\u10d8 \u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd \u10db\u10d0\u10e1\u10e8\u10e2\u10d0\u10d1\u10d8\u10d7 \u10dd\u10e5\u10e0\u10dd\u10d6\u10d4 \u10db\u10dd\u10d7\u10ee\u10dd\u10d5\u10dc\u10d0 \u10e4\u10d8\u10d6\u10d8\u10d9\u10e3\u10e0 \u10d2\u10d0\u10db\u10dd\u10ee\u10d0\u10e2\u10e3\u10da\u10d4\u10d1\u10d0\u10e8\u10d8 16%-\u10d8\u10d7 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d3\u10d0 963,8 \u10e2\u10dd\u10dc\u10d0\u10db\u10d3\u10d4. \u10e4\u10e3\u10da\u10d0\u10d3 \u10d2\u10d0\u10db\u10dd\u10ee\u10d0\u10e2\u10e3\u10da\u10d4\u10d1\u10d0\u10e8\u10d8 \u10db\u10dd\u10ee\u10db\u10d0\u10e0\u10d4\u10d1\u10d0 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d3\u10d0 24%-\u10d8\u10d7 $39,92 \u10db\u10d8\u10da\u10d8\u10d0\u10e0\u10d3\u10d0\u10db\u10d3\u10d4. \u10dd\u10e5\u10e0\u10dd\u10e1 \u10eb\u10d8\u10e0\u10d8\u10d7\u10d0\u10d3\u10db\u10d0 \u10db\u10dd\u10db\u10ee\u10db\u10d0\u10e0\u10d4\u10d1\u10d4\u10da\u10d4\u10d1\u10db\u10d0 &#8211; \u10d8\u10e3\u10d5\u10d4\u10da\u10d8\u10e0\u10d4\u10d1\u10db\u10d0 \u10e8\u10d4\u10d8\u10eb\u10d8\u10dc\u10d4\u10e1 509,6 \u10e2\u10dd\u10dc\u10d0 \u10dd\u10e5\u10e0\u10dd (30%-\u10d8\u10d7 \u10dc\u10d0\u10d9\u10da\u10d4\u10d1\u10d8, \u10d5\u10d8\u10d3\u10e0\u10d4 \u10ec\u10da\u10d8\u10d7 \u10d0\u10d3\u10e0\u10d4), \u10e0\u10dd\u10db\u10d4\u10da\u10d7\u10d0 \u10e8\u10dd\u10e0\u10d8\u10e1\u10d0\u10ea \u10e7\u10d5\u10d4\u10da\u10d0\u10d6\u10d4 \u10db\u10e1\u10ee\u10d5\u10d8\u10da\u10d8 \u10d8\u10e7\u10dd \u10d8\u10dc\u10d3\u10dd\u10d4\u10d7\u10d8 (154 \u10e2\u10dd\u10dc\u10d0) \u10d3\u10d0 \u10e9\u10d8\u10dc\u10d4\u10d7\u10d8 (143 \u10e2\u10dd\u10dc\u10d0). \u10dd\u10e5\u10e0\u10dd\u10d6\u10d4 \u10e1\u10d0\u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd \u10db\u10dd\u10d7\u10ee\u10dd\u10d5\u10dc\u10d0 (\u10db\u10d0\u10d7 \u10e8\u10dd\u10e0\u10d8\u10e1 ETF, \u10db\u10dd\u10dc\u10d4\u10e2\u10d4\u10d1\u10d8 \u10d3\u10d0 \u10d6\u10dd\u10d3\u10d4\u10d1\u10d8) 4%-\u10d8\u10d7 \u10d2\u10d0\u10d8\u10d6\u10d0\u10e0\u10d3\u10d0 23,4 \u10e2\u10dd\u10dc\u10d0\u10db\u10d3\u10d4. ETF \u10e4\u10dd\u10dc\u10d3\u10d4\u10d1\u10d8\u10d3\u10d0\u10dc \u10dd\u10e5\u10e0\u10dd\u10e1 \u10d2\u10d0\u10d3\u10d8\u10dc\u10d4\u10d1\u10d0 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d3\u10d0 10-\u10ef\u10d4\u10e0 40 \u10e2\u10dd\u10dc\u10d0\u10db\u10d3\u10d4.<\/p>\n<p>\u10dd\u10e5\u10e0\u10dd\u10e1\u10d0 \u10d3\u10d0 \u10d5\u10d4\u10e0\u10ea\u10ee\u10da\u10d7\u10d0\u10dc \u10d3\u10d0\u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d4\u10d1\u10e3\u10da \u10e1\u10d8\u10e2\u10e3\u10d0\u10ea\u10d8\u10d0\u10e1 \u10d6\u10d5\u10d0\u10d5\u10d8\u10e1 \u10d4\u10e4\u10d4\u10e5\u10e2\u10d8 \u10d0\u10e5\u10d5\u10e1: 2014 \u10ec\u10da\u10d8\u10e1 \u10d3\u10d0\u10e1\u10d0\u10ec\u10e7\u10d8\u10e1\u10e8\u10d8 \u10db\u10dd\u10d7\u10ee\u10dd\u10d5\u10dc\u10d0\u10db \u10e7\u10d5\u10d4\u10da\u10d0 \u10e1\u10d4\u10e5\u10e2\u10dd\u10e0\u10e8\u10d8 (\u10db\u10e0\u10d4\u10ec\u10d5\u10d4\u10da\u10dd\u10d1\u10d0, \u10e1\u10d0\u10d8\u10e3\u10d5\u10d4\u10da\u10d8\u10e0\u10dd \u10d3\u10d0 \u10e1\u10d0\u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10dd) \u10d3\u10d0\u10d8\u10ec\u10e7\u10dd \u10d9\u10da\u10d4\u10d1\u10d0. \u10d5\u10d4\u10e0\u10ea\u10ee\u10da\u10d8 95%-\u10e8\u10d8 \u10d0\u10dc\u10d0\u10da\u10dd\u10d2\u10d8\u10e3\u10e0 \u10d3\u10d8\u10dc\u10d0\u10db\u10d8\u10d9\u10d0\u10e1 \u10d0\u10e9\u10d5\u10d4\u10dc\u10d4\u10d1\u10e1. \u10d7\u10e3\u10d9\u10d8 \u10db\u10dd\u10d7\u10ee\u10dd\u10d5\u10dc\u10d0 \u10db\u10ea\u10d8\u10e0\u10d3\u10d4\u10d1\u10d0, \u10d0\u10e5\u10e2\u10d8\u10d5\u10d4\u10d1\u10e1 \u10d6\u10e0\u10d3\u10d8\u10e1\u10d9\u10d4\u10dc \u10d5\u10d4\u10e0\u10d0\u10e4\u10d4\u10e0\u10d8 \u10e3\u10d1\u10d8\u10eb\u10d2\u10d4\u10d1\u10e1, \u10e8\u10d4\u10d3\u10d4\u10d2\u10d8 \u10eb\u10d5\u10d8\u10e0\u10e4\u10d0\u10e1\u10d8 \u10da\u10d8\u10d7\u10dd\u10dc\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10d8\u10d0\u10e4\u10d4\u10d1\u10d0\u10d0, \u10e0\u10d0\u10ea \u10db\u10e1\u10ee\u10d5\u10d8\u10da\u10d8 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10e7\u10d5\u10d0\u10dc\u10d0\u10e1 \u10d8\u10ec\u10d5\u10d4\u10d5\u10e1, \u10e0\u10d0 \u10d0\u10d6\u10e0\u10d8 \u10d0\u10e5\u10d5\u10e1 \u10e1\u10d0\u10ee\u10e1\u10e0\u10d4\u10d1\u10d8\u10e1 \u10dd\u10e5\u10e0\u10dd\u10e1 \u10d4\u10e5\u10d5\u10d8\u10d5\u10d0\u10da\u10d4\u10dc\u10e2\u10e8\u10d8 \u10e8\u10d4\u10dc\u10d0\u10ee\u10d5\u10d0\u10e1, \u10d7\u10e3 \u10d8\u10e1 \u10e7\u10dd\u10d5\u10d4\u10da \u10d3\u10e6\u10d4 \u10d9\u10d0\u10e0\u10d2\u10d0\u10d5\u10e1 \u10e6\u10d8\u10e0\u10d4\u10d1\u10e3\u10da\u10d4\u10d1\u10d0\u10e1. \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10db\u10dd\u10ec\u10d5\u10d4\u10d5\u10d0 \u10d9\u10d8 \u10e4\u10d0\u10e1\u10d4\u10d1\u10e1 \u10d9\u10d8\u10d3\u10d4\u10d5 \u10e3\u10e4\u10e0\u10dd \u10d3\u10d0\u10d1\u10da\u10d0 \u10e1\u10ec\u10d4\u10d5\u10e1. \u10e2\u10e0\u10d4\u10dc\u10d3\u10d8\u10e1 \u10e8\u10d4\u10ea\u10d5\u10da\u10d0 \u10e8\u10d4\u10e1\u10e7\u10d8\u10d3\u10d5\u10d4\u10d1\u10e1 \u10e8\u10d4\u10e3\u10eb\u10da\u10d8\u10d0, \u10db\u10d0\u10d2\u10d0\u10da\u10d8\u10d7\u10d0\u10d3, \u10e1\u10d0\u10d8\u10e3\u10d5\u10d4\u10da\u10d8\u10e0\u10dd \u10db\u10e0\u10d4\u10ec\u10d5\u10d4\u10da\u10dd\u10d1\u10d8\u10e1 \u10db\u10ee\u10e0\u10d8\u10d3\u10d0\u10dc, \u10db\u10d0\u10d2\u10e0\u10d0\u10db \u10db\u10dd\u10ea\u10d4\u10db\u10e3\u10da \u10e1\u10e4\u10d4\u10e0\u10dd\u10e8\u10d8 \u10d5\u10d0\u10e0\u10d3\u10dc\u10d0 \u10e4\u10d0\u10e1\u10d3\u10d4\u10d1\u10d0 \u10e4\u10d0\u10e1\u10d3\u10d4\u10d1\u10d0 \u10e0\u10d8\u10d2\u10d8 \u10e0\u10d4\u10d2\u10d8\u10dd\u10dc\u10d4\u10d1\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1 19%-\u10d3\u10d0\u10dc (\u10e9\u10d8\u10dc\u10d4\u10d7\u10d8) 24%-\u10db\u10d3\u10d4 (\u10d8\u10dc\u10d3\u10d4\u10dd\u10d7\u10d8). 2014 \u10ec\u10d4\u10da\u10e1 \u10dd\u10e5\u10e0\u10dd\u10e1 \u10e1\u10d0\u10d4\u10e0\u10d7\u10dd \u10db\u10dd\u10ee\u10db\u10d0\u10e0\u10d4\u10d1\u10d0 \u10e8\u10d4\u10db\u10ea\u10e0\u10d3\u10d0 (\u10de\u10d8\u10e0\u10d5\u10d4\u10da \u10dc\u10d0\u10ee\u10d4\u10d5\u10d0\u10e0\u10e8\u10d8 16%-\u10d8\u10d7). <\/p>\n<p>\u10d4\u10e5\u10e1\u10de\u10d4\u10e0\u10e2\u10d4\u10d1\u10d8 \u10e4\u10d8\u10e5\u10e0\u10dd\u10d1\u10d4\u10dc, \u10e0\u10dd\u10db \u10dd\u10e5\u10e0\u10dd\u10e1 \u10db\u10dd\u10db\u10de\u10dd\u10d5\u10d4\u10d1\u10d4\u10da\u10d8 \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d4\u10d1\u10d8 \u10dd\u10e5\u10e0\u10dd\u10e1 \u10db\u10dd\u10de\u10dd\u10d5\u10d4\u10d1\u10d0\u10e1 \u10d6\u10e0\u10d3\u10d8\u10d0\u10dc \u10d8\u10db\u10d8\u10e1\u10d7\u10d5\u10d8\u10e1, \u10e0\u10dd\u10db \u10d9\u10e0\u10d4\u10d3\u10d8\u10e2\u10d4\u10d1\u10e1 \u10db\u10dd\u10d4\u10db\u10e1\u10d0\u10ee\u10e3\u10e0\u10dd\u10dc. \u10eb\u10d5\u10d8\u10e0\u10e4\u10d0\u10e1\u10d8 \u10da\u10d8\u10d7\u10dd\u10dc\u10d4\u10d1\u10d8\u10e1 \u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd \u10e1\u10d4\u10e5\u10e2\u10dd\u10e0\u10e8\u10d8 \u10eb\u10d0\u10da\u10d8\u10d0\u10dc \u10d1\u10d4\u10d5\u10e0\u10d8 \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d0\u10d0 \u10e1\u10d0\u10d8\u10db\u10d8\u10e1\u10dd\u10d3, \u10e0\u10dd\u10db \u10e7\u10d5\u10d4\u10da\u10d0 \u10db\u10d0\u10d7\u10d2\u10d0\u10dc\u10db\u10d0 \u10e8\u10d4\u10eb\u10da\u10dd\u10e1 \u10d9\u10dd\u10dd\u10e0\u10d3\u10d8\u10dc\u10d8\u10e0\u10d4\u10d1\u10d0 \u10d3\u10d0 \u10d2\u10d0\u10db\u10dd\u10e8\u10d5\u10d4\u10d1\u10d0 \u10e8\u10d4\u10d6\u10e6\u10e3\u10d3\u10dd\u10dc. \u10d0\u10e1\u10d4\u10d5\u10d4 \u10e3\u10dc\u10d3\u10d0 \u10d0\u10e6\u10d8\u10dc\u10d8\u10e8\u10dc\u10dd\u10e1, \u10e0\u10dd\u10db \u10d0\u10e0\u10e1\u10d4\u10d1\u10dd\u10d1\u10e1 \u10d3\u10e0\u10dd\u10d8\u10d7\u10d8 \u10da\u10d0\u10d2\u10d8 &#8211; 3-5 \u10ec\u10d4\u10da\u10d8 \u10db\u10dd\u10de\u10dd\u10d5\u10d4\u10d1\u10d0\u10e8\u10d8 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10d8\u10e1 \u10d3\u10d0\u10ec\u10e7\u10d4\u10d1\u10d8\u10d3\u10d0\u10dc \u10db\u10d8\u10e1\u10d8 \u10ec\u10d0\u10e0\u10db\u10dd\u10d4\u10d1\u10d8\u10e1 \u10e1\u10e2\u10d0\u10e0\u10e2\u10d0\u10db\u10d3\u10d4. \u10d3\u10d0\u10e0\u10d2\u10d8\u10e1 \u10db\u10d8\u10db\u10dd\u10db\u10ee\u10d8\u10da\u10d5\u10d4\u10da\u10d4\u10d1\u10d8\u10e1 \u10d7\u10e5\u10db\u10d8\u10d7, 2011-2013 \u10ec\u10da\u10d4\u10d1\u10e8\u10d8 \u10dd\u10e5\u10e0\u10dd\u10e1 \u10e1\u10d0\u10d1\u10d0\u10d3\u10dd\u10d4\u10d1\u10e8\u10d8 \u10d2\u10d0\u10dc\u10ee\u10dd\u10e0\u10ea\u10d8\u10d4\u10da\u10d4\u10d1\u10e3\u10da\u10d8 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10d0\u10dc\u10d8 \u10d9\u10d0\u10de\u10d8\u10e2\u10d0\u10da\u10d3\u10d0\u10d1\u10d0\u10dc\u10d3\u10d4\u10d1\u10d4\u10d1\u10d8 \u10db\u10dd\u10de\u10dd\u10d5\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10e0\u10d6\u10d3\u10d0\u10e1 \u10e8\u10d4\u10db\u10d3\u10d4\u10d2\u10d8 \u10ee\u10e3\u10d7\u10d8 \u10ec\u10da\u10d8\u10e1 \u10db\u10d0\u10dc\u10eb\u10d8\u10da\u10d6\u10d4 \u10d2\u10d0\u10db\u10dd\u10d8\u10ec\u10d5\u10d4\u10d5\u10e1 \u10d8\u10db\u10d8\u10e1 \u10db\u10d8\u10e3\u10ee\u10d4\u10d3\u10d0\u10d5\u10d0\u10d3, \u10e0\u10d0 \u10db\u10d8\u10db\u10d3\u10d8\u10dc\u10d0\u10e0\u10d4 \u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10d0 \u10eb\u10d5\u10d8\u10e0\u10e4\u10d0\u10e1 \u10da\u10d8\u10d7\u10dd\u10dc\u10d4\u10d1\u10d6\u10d4.<\/p>\n<p>\u10d4\u10e5\u10e1\u10de\u10d4\u10e0\u10e2\u10d4\u10d1\u10d8 \u10d0\u10db\u10d1\u10dd\u10d1\u10d4\u10dc, \u10e0\u10dd\u10db \u10d3\u10d0\u10e0\u10d2\u10e8\u10d8 \u10e8\u10d4\u10e5\u10db\u10dc\u10d8\u10da\u10d8 \u10e1\u10d8\u10e2\u10e3\u10d0\u10ea\u10d8\u10d0 \u10d3\u10d8\u10d3 \u10d2\u10d0\u10e3\u10e0\u10d9\u10d5\u10d4\u10d5\u10da\u10dd\u10d1\u10d0\u10e1 \u10e2\u10dd\u10d5\u10d4\u10d1\u10e1 \u10e0\u10dd\u10d2\u10dd\u10e0\u10ea \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10e8\u10d8, \u10d8\u10e1\u10d4 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\u10db\u10dd\u10d7\u10ee\u10dd\u10d5\u10dc\u10d0-\u10db\u10d8\u10ec\u10dd\u10d3\u10d4\u10d1\u10d8\u10e1 \u10d3\u10d8\u10dc\u10d0\u10db\u10d8\u10d9\u10d8\u10e1 \u10e8\u10d4\u10e4\u10d0\u10e1\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10e3\u10eb\u10da\u10d4\u10d1\u10da\u10dd\u10d1\u10d0\u10d6\u10d4 \u10d8\u10db \u10de\u10d8\u10e0\u10dd\u10d1\u10d4\u10d1\u10e8\u10d8, \u10e0\u10dd\u10ea\u10d0 \u10db\u10dc\u10d8\u10e8\u10d5\u10dc\u10d4\u10da\u10dd\u10d5\u10dc\u10d0\u10d3 \u10d8\u10ea\u10d5\u10da\u10d4\u10d1\u10d0 \u10d7\u10d0\u10dc\u10d0\u10e4\u10d0\u10e0\u10d3\u10dd\u10d1\u10d0 \u10db\u10e7\u10d8\u10d3\u10d5\u10d4\u10da\u10d7\u10d0 \u10e1\u10ee\u10d5\u10d0\u10d3\u10e1\u10ee\u10d5\u10d0 \u10ef\u10d2\u10e3\u10e4\u10d4\u10d1\u10e1 \u10e8\u10dd\u10e0\u10d8\u10e1  (ETF-\u10e4\u10dd\u10dc\u10d3\u10d4\u10d1\u10d8, \u10d6\u10dd\u10d3\u10d4\u10d1\u10e8\u10d8 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10d8\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10d2\u10d0\u10dc\u10db\u10ee\u10dd\u10e0\u10ea\u10d8\u10d4\u10da\u10d4\u10d1\u10da\u10d4\u10d1\u10d8, \u10d8\u10e3\u10d5\u10d8\u10da\u10d4\u10e0\u10d4\u10d1\u10d8). \u10d3\u10d0 \u10db\u10d0\u10d8\u10dc\u10ea, \u10d4\u10e5\u10e1\u10de\u10d4\u10e0\u10e2\u10d4\u10d1\u10d8 \u10e4\u10d8\u10e5\u10e0\u10dd\u10d1\u10d4\u10dc, \u10e0\u10dd\u10db \u10e3\u10d0\u10ee\u10da\u10dd\u10d4\u10e1 \u10ec\u10da\u10d4\u10d1\u10e8\u10d8 \u10dd\u10e5\u10e0\u10dd\u10e1 \u10db\u10dd\u10db\u10de\u10dd\u10d5\u10d4\u10d1\u10d4\u10da\u10d8 \u10d9\u10dd\u10db\u10de\u10d0\u10dc\u10d8\u10d4\u10d1\u10d8\u10e1 \u10db\u10ee\u10e0\u10d8\u10d3\u10d0\u10dc \u10db\u10d8\u10ec\u10dd\u10d3\u10d4\u10d1\u10d0 \u10d2\u10d0\u10d8\u10d6\u10e0\u10d3\u10d4\u10d1\u10d0 \u10d8\u10db \u10de\u10d8\u10e0\u10dd\u10d1\u10d4\u10d1\u10e8\u10d8, \u10e0\u10dd\u10ea\u10d0 \u10d8\u10dc\u10d5\u10d4\u10e1\u10e2\u10dd\u10e0\u10d4\u10d1\u10d8 \u10d7\u10d0\u10d5\u10d8\u10d0\u10dc\u10d7\u10d8 \u10de\u10dd\u10d6\u10d8\u10ea\u10d8\u10d4\u10d1\u10d8\u10e1 \u10e8\u10d4\u10db\u10ea\u10d8\u10e0\u10d4\u10d1\u10d0\u10e1 \u10d2\u10d0\u10d0\u10d2\u10e0\u10eb\u10d4\u10da\u10d4\u10d1\u10d4\u10dc. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u10db\u10e1\u10dd\u10e4\u10da\u10d8\u10dd \u10d4\u10d9\u10dd\u10dc\u10dd\u10db\u10d8\u10d9\u10d8\u10e1 \u10db\u10d3\u10d2\u10dd\u10db\u10d0\u10e0\u10d4\u10dd\u10d1\u10d0\u10e1\u10d7\u10d0\u10dc \u10d3\u10d0\u10d9\u10d0\u10d5\u10e8\u10d8\u10e0\u10d4\u10d1\u10d8\u10d7 \u10e8\u10d4\u10e5\u10db\u10dc\u10d8\u10da\u10db\u10d0 \u10d2\u10d0\u10e3\u10e0\u10d9\u10d5\u10d4\u10d5\u10da\u10dd\u10d1\u10d0\u10db \u10d3\u10d0 \u10ec\u10d0\u10db\u10e7\u10d5\u10d0\u10dc\u10d8 \u10ea\u10d4\u10dc\u10e2\u10e0\u10d0\u10da\u10e3\u10e0\u10d8 \u10d1\u10d0\u10dc\u10d9\u10d4\u10d1\u10d8\u10e1 \u10db\u10e0\u10d0\u10d5\u10d0\u10da\u10db\u10ee\u10e0\u10d8\u10d5\u10db\u10d0 \u10db\u10dd\u10dc\u10d4\u10e2\u10d0\u10e0\u10e3\u10da\u10db\u10d0 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