Wednesday, July 22, 2020

Bullish Sentiment Driving Gold Prices

Gold is a safe-heaven investment, especially during crisis. The coronavirus pandemic causes investors to pile into gold. The current gold prices reflect an increase of 535% since 2000, according to the article here. The analysts expect prices to breakthrough the USD$1,800 per ounce soon. 
Why the sudden rush to gold? Two reasons. Both are economics.
First, gold as a store of value.
Second, gold as a store of wealth.
How much should you allocate you portfolio to gold? Experts say 5% to 10%.
Whatever you want to do, seek advice. Read. Do a bit of Research.

Gold Prices - 100 Year Historical Chart | MacroTrends100 Year Gold Prices


Gold Price History | Historical Gold Prices | SD BullionGold Buble 1980. A Historical Lesson.


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