Post
Topic
Board Economics
Re: Will people come back to gold
by
rationotled
on 11/12/2018, 07:47:53 UTC
With the current economy, the fears about the Brexit, Italy, the Sino-American problems and the general pessimism among investors; It looks like Gold is coming back the past months. At the same time, countries like the EU, Japan & China are reducing their investments in the economy,
(it should also reduce demand for the USD?)

Even the Central banks are buying more Gold (+13% from the previous year). Economists predict a dark year for 2019 and it seems a lot of large funds are now buying Gold massively. Especially from Asia and Soviets.
It looks like that but in actual there is a fall in the stock market and for that people are storing their money in gold as they think it as a solid asset in which they think their money secured for the long term and for that reason its price increasing so many more are coming to it. Maybe the situation change in the future.