The USD has been a golden standard of stable, long-term investment for many decades, if not centuries by business and the consumer worldwide. Yet, recent events, like the 2023 Fiscal Responsibility Act signed by Joe Biden to increase the debt ceiling and the increasing de-dollarisation of the global economy, seem to be undermining that status. The unprecedented debt of $31.
The popularity and indisputable leadership of gold as a medium of exchange and value are attributed to its rarity. Throughout the entire history of mining, people have managed to get only 187 000 tons of this precious metal from the depths of the earth. This makes gold relatively finite, and its holdings are carefully cherished by owners, from individuals to governments.
Could gold be suggested as an alternative? Though gold is naturally less volatile than stocks and shares, it has still witnessed many fluctuations over the past century, tempering investors’ confidence in the eternal growth of gold prices. Still, a quick review of the present-day economy shows that gold has sound investment potential for the coming years.