20/08/2022
*IS NOW THE PERFECT TIME TO GET INTO THE GOLD MARKET?*
By Emmanuel Nwogboji
According to Brien Lundin, editor, and publisher of Gold Newsletters, Gold is the 'constant around' which all other values revolve and against which currencies have depreciated.
While increased money supply debates currencies, Gold has both retained and grown its value for decades.
Brien Lundin maintained that Gold is wealth insurance because it preserves purchasing power and wealth against not the possibility, but the inevitability of the depreciation of currencies.
Ross Beaty, chair emeritus of Pan America Silver, in his presentation"Gold is Great", highlighted that Gold has always been an inflation hedge. Gold has a fabulous run during the incredible inflation in the late 70s and early 80s and another fabulous run is inevitable.
During the period known as the Great Inflation(1965 -1982), Gold prices rose 1,476% from US$42.20 to US$665.15.
Ross Beaty also maintained that Gold serves as a hedge against geopolitical turmoil. People buy Gold when the world is a scary place, and that will continue.
Since 2020 when the world experienced the global COVID-19 pandemic, Gold has risen more than 18%, rising from US$1,532 to US$ 1,800. Gold has long been considered a hedge against uncertainty and this continues to be true today.
For the majority of 2022, Gold has held near the US$1,800 per ounce level and even passed US$2,000 in March.
According to Ed Coyne, a senior managing director of global sales at Sprott (TSX: SII, NYSE: SII), one of the major factors expected to work in favor of Gold in the months ahead is its ability to retain value amid choppy markets and stagnant economic growth.
Going by the various opinion of experts in the Gold market, it's obvious that when we think about alternative assets in general, Gold is the original alternative asset.
The goal of the alternative asset is to zig when the market zag🤔, and Gold have a proven track record of giving comfort when there is discomfort in the broader market.
To enjoy a guaranteed return on Gold investment, make Assetium Capital Management Ltd your investment hub in Africa. For details on our Gold Investment Portfolio, send us a mail via [email protected]. or call us on +234 806 355 8464
