On a recent note, because Gold is undervalued and also the new highhanded attitude of world leaders on trade, renowned investors are now going about holding gold as a capable hedge to inflation.
Gold is the Bitcoin before Bitcoin. Bitcoin of the physical world (in the sense of its scarce economic properties, making it a great hedge against non-limited forms of currency like money). It always has been since the gold standard was abolished. The difference is that it's much harder to transfer, much more susceptible to fraud (fake gold, paper gold etc), which possibly hurt its market.
The first time it happened was in 1980s during the
great inflation, gold price per ounce got to a high standard rate of $850. Today Gold did $3200 per ounce, which means that investment analyst may have foreseen hyperinflation, and is advising investors to run back to gold.
While M2 has expanded a lot over the last 5 years, and while economic factors are negative, it all points toward positivity for gold for as long as it serves its traditional purpose as a hedge. After the recent audit of the US Gold Reserves and while the rest of the world probably check the authenticity of the gold they're holding, real supply is probably lower than expected too...which might be another positive catalyst.
Moreover, experts presume that if people embraced gold, it’s expected to hit $7500 per ounce. What do you think about investing in Gold?
Given how much $850 is worth back in 1980, $7,500 does not seem unrealistic speculation.