Post
Topic
Board Economics
Re: Will people come back to gold
by
Kakawate
on 07/01/2019, 04:14:56 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.

I think, gold has always been and will always be the best option when it comes to investing, it will never be out of the market and it will never run out of value. I cannot blame why people are getting back on gold rather than going on cryptocurrency and other modes of investments, now when it comes to usd, I cannot tell whether the demand for usd will be affected as much, but if this dark year will come near, definitely everyone will be affected, it doesn't matter what world classification your in.