Now is an interesting time for those who have not sold their savings for a long time.I think they have added quite a bit to their deposit during this period.This tactic turned out to be the most reliable.
This is not only true for gold. Anyone who currently has cash on the side that they can invest is in a fortunate position. Many stocks are now also cheap, especially European stocks. But gold is a good alternative if you assume that the war in Ukraine will continue to escalate. In terms of interest rate hikes, however, gold is a poor choice.
Due to the war, the GOLD and OIL prices are at a high. I am not sure how long the gold will be able to sustain these prices. For those people who have their holding in gold, it's the good opportunity to sell their gold assets and buy bitcoin. In the long term, bitcoin holding will be more profitable as compare to the gold.