Countries have always used gold to diversify their foreign reserves - among many other assets it gives some credibility to their own currency. At the moment we see a massive upheaval in the world economic order because of the erratic actions of the US president, he has done a lot of damage to the US dollar in the last few weeks which has traditionally been the "flight to safety" currency. Gold might continue to rise steadily, because there is a finite supply of it and it actually has industrial uses alongside cultural demand. If the government of big countries have decided to start moving their money into gold, it will effect the consumer market because there will be a competition for those limited supplies.
Gold up until today is still one of the tangible reserves that a country can hold and serves as part of their assets. I believe it is one of the oldest assets that most countries all holding onto. We can only assure that people as well as countries can hold this tangible asset but we don't know what the future holds in terms of possessing tangible assets.
IUntil recently, gold was watchingconsidered a video where they told that now most countries are depositing gold as reserves instead of buying US dollar deposits. Does this mean thatsafe haven currency, unlike cryptocurrencies, which were considered a rather risky asset, but recently the price of gold will be uncontrollable in coming years ? Ishas risen so much that it goinghas become unsafe to affect the buying behavior related to gold for common people ? invest in it, because there is a simple law that if an asset is expensive, then when investing in it, it can collapse at any time.
At the same time, everyone continues to invest in gold because they don’t know any other way to save their money.Countries have always used gold to diversify their foreign reserves - among many other assets it gives some credibility to their own currency. At the moment we see a massive upheaval in the world economic order because of the erratic actions of the US president, he has done a lot of damage to the US dollar in the last few weeks which has traditionally been the "flight to safety" currency. Gold might continue to rise steadily, because there is a finite supply of it and it actually has industrial uses alongside cultural demand. If the government of big countries have decided to start moving their money into gold, it will effect the consumer market because there will be a competition for those limited supplies.
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