1. Inside the 21st Century Gold Rush.
- Author
-
Henderson, Bob
- Subjects
- *
GOLD , *TWENTY-first century , *GOLD sales & prices , *RUSSIAN invasion of Ukraine, 2022- , *EXCHANGE traded funds - Abstract
The article discusses the global rush for physical gold, including bars, coins, and jewelry, driven by geopolitical turbulence and economic concerns. Small investors, worried about government debt and stock market volatility, are seeking tangible assets for security. The price of gold has risen over 40% since October 2022, despite the lack of bullish bets in futures and options markets. Chinese consumers, in particular, have been hoarding gold due to concerns about their country's economy. Central banks and individual buyers are both contributing to the increased demand for gold. The article suggests that uncertainty, inflation, and global debt are factors driving investors towards gold. [Extracted from the article]
- Published
- 2024