It’s Gold all over again

Samuel Oskys23/07/20192min
The time of gold is here and about to shine bright again. According to CNBC, Dalio, in recent months a large number of prominent investors have turned to shares. Prices of gold were around $1200/oz at the start of the year, now they are settling above $1,400/oz and there’s a reasonable chance of reaching close to $2,000/oz by next year.

What the experts believe

Some believe that the value of money along with the increasing disputes internationally will prove that the safest investment is actually gold. Gold investing is an investment that can reduce the risk that will prevail in markets according to these individuals.

Gold prices remaining resilient, with the Fed, the central US bank ending its hike cycle and cutting interests rates by 0.25%. A rate cut along with slowing economic growth will limit the upside in the US dollar and lower the opportunity cost for holding non-yielding assets like gold.

Investor and Expert predictions

It’s clear to see also that renewed trade tensions have started affecting business sentiment and this will have negative implications on corporate earnings, plus bring equity market volatility back.

Another point is that if a US-China trade deal is reached, it will reduce the risks to the global economy and lower rates by central banks but this is unlikely as tensions are likely to remain in the foreseeable future.

In time investors will need to change their reasoning for future investment moves. The devaluation of currencies will reduce the value of fiat currencies and ultimately restrict real returns for investors. The time for these changes is unknown but very close.

Samuel Oskys

Sam Oskys is a British born technology enthusiast, automotive lover, artist, author and editor. His inspiration has been his life experiences; his evolution and adaptation in society and life itself and as a result, translated these emotions into art and words within his work in this duration. Writing about trendy, technology, automotive and lifestyle-related material is what he mainly focuses on and he’s currently one of the authors for High Worth Citizen. Contact Sam at +357-22029786 ext: 6115 or by email at [email protected] for editorial related questions.

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