Közzétett: 2021.03.30. It's time to buy gold

It's time to buy gold - Előnézet

Then, after some recovery, stock prices, government bonds and real estate prices rose to levels not seen before the onset of the coronavirus crisis. Moreover, the growth of quotations conquered more and more peaks, especially taking into account inflation. Gold also had happy days. At first, the value of the precious metal fell along with other assets, but over the next four months, its price rose by 40%.
It seemed to many investors and analysts that gold had finally “caught its wave” to new price records. But at some point, everything changed. While stocks and real estate continued their price rally, gold, on the contrary, began a 7-month decline to levels that were observed before the outbreak. Thus, the price of gold fell by $ 400 from its maximum of $ 2070 per ounce, reached on August 6, 2020, to the level of $ 1,683 per ounce, recorded on March 8, 2021. For comparison: on March 9, 2020, one ounce of gold traded at around $ 1,680.
Even after three large packages of financial assistance in the United States, unlimited money printing by the Fed, with an increase in the risk of inflation acceleration, the price of gold in the period from March 9, 2020 to March 8, 2021 showed a net income of only three dollars.