Warren Buffett is one of the richest people on the planet. Nico Rosberg is the Formula 1 World Champion. Mark Möbius is a world famous investor. What do they have in common?
They are all rich people. And all of them this year began to actively invest in gold. This is not love or passion for the noble yellow metal. This is a cold financial calculation. There is a reason: never in the time of mankind has gold been so expensive as it is now. Compare: in September 1980, $ 671.5 was given per troy ounce of gold, ten years later the metal fell in price by 40% (402.5). By 2000, it has lost another third of its price (273.6) - and this will be the lowest level in history. But the gates of the XXI century are wide open for gold. In September 2010, the 79th element of the periodic table sets a record of $ 1307. It's just incredible, but not for 2020 - the 2000 mark was reached in the fall. But why?
You can invest in different ways. And the risks are different everywhere. With a business, you can go bust, securities can be turned into paper, bitcoins, binary options - you can earn, but you can lose everything. But gold is recognition by everyone and everywhere, and also stability. Yes, it can fall in value, but never depreciate. True, it has one investment drawback - duration. You won't be able to get a quick return. Although if you look at how prices are growing this year ...
Several factors have always influenced the cost of metal. The main thing is the conjuncture. Get your bearings in time. COVID did not spare many, the shares of companies collapsed like never before, someone went completely ruined. Investors, seeing such a situation, insured their risks by transferring funds to a long-playing, but playing asset. The same Warren Buffett a month ago threw half a billion dollars from the stock market into gold. Why would it suddenly?
For an investor, the main thing is income. If the US Federal Reserve System has kept the interest rate close to zero for almost half a year, the European Central Bank has been at zero for 4 years, and the Swiss and Japanese have been in negative terms at all, then who will invest? Low rates are good for the borrower. But not for those who make contributions. Therefore, it is also gold. And if inflation is also growing, then the logic works: let me not earn, but I will save. But here lies another problem: if everyone begins to think only about himself, about his own, this can lead to global and terrible problems. Then there will be no time for gold.
The US dollar is closely tied to gold prices, if only because the value of the metal is determined in US currency. And there is a rule that works: the lower the dollar rate, the higher the gold price. And judging by the fact that the world has not seen such prices yet, something is wrong with the dollar.
Gold will continue to rise in price, says North American analyst Chris Vermeulen. He has been trading futures, stocks and indices since 97, but trusts not intuition, but scientific calculations and analytics. His forecast - before the New Year, gold will rise in price by another 16%.
Analysts' calculations are also supported by the fact that the geopolitical situation in the world affects gold. And she was never calm. Not now, when any protests (whether in the USA or Europe) can provoke a global conflict. Not before.
The printing press is evil in this situation, world experts are sure. It is a risk factor for banknotes and a strength factor for gold. Residents of Germany in the first half of the year purchased 83 tons of gold in coins and bars. A lot of? This is twice as much as a year ago. Gold is a long-term investment, for years. If there is a demand, so does the price. Although it is here on the planet. The Winklevoss brothers (the ones who sued Zuckerberg over Facebook) suggest that Elon Musk will become the main gold-maker. This is the opinion of the millionaire Dave Portnoy, a cryptocurrency investor who is called the Warren Buffet of our time.
Gold really excites the minds, fever. Every year more and more of it is mined, but the price does not fall, but grows. How can this be? Apparently, the answer lies in gold itself, which is one of the heaviest metals in the world. And yet one of the softest