Gold has been a valuable item for centuries. There are many reasons why investing in a yellow metal is a smart move. Let's take a look at some of them below.
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Silver, like gold, is considered a defensive investment asset in conditions of instability, as well as a traditional inflation hedge instrument. Silver could be in a more privileged position in the near future as industrial demand for it grows.
The London-based research firm is forecasting a year-end decline to $1,650 an ounce, but the rally will resume in 2023.
The Kingdom began to develop the country's largest gold mine amid a general trend of increased mining.
World Gold Council material.
World Gold Council material.
There are many ways to invest in gold and silver. Investment coins are one of the popular assets for investing in precious metals. The coins have an attractive design, so can also be a luxury gift.
Spain has minted a gold investment coin featuring a bull. The coin was issued in 2022. The quality of minting at the coin is the highest, namely, the reverse proof. Recall that in 2021 a coin was issued with similar quality, but a lynx was depicted on the reverse.
Rising inflation has forced central banks around the world to tighten monetary policy. That doesn't bode well for asset classes like stocks and bonds. For example, the "S&P 500" is down 19% year-to-date, and the nominal yield of 10-year U.S. "treasurers" hovers around 3%.