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Innehållsförteckning / Table of Contents
Like the rest of the world, the stock market is now in a constant state of change, which presents a challenge for newcomers while also putting experienced investors’ strategies to the test.
The market is currently fluctuating heavily, and the price movements are unexpected. The questions may arise as to why the price of gold is moving upwards when most of the other asset classes are affected negatively.
The gold price has moved a lot in the past couple of years. Gold touched the all-time high in 2020 August, when the price reached 2075 USD/oz, which was ignited because of the globally rising concerns due to Covid-19. The price spike was correlated with global financial uncertainty.
Fast forward to 2022, the gold price again touched an all-time high because of the Ukrainian-Russian war in Europe.
While until a few years ago, most of humanity felt that we were living in a relatively stable and conflict-free world. However, events in the last couple of years have changed this perspective.
As many shifts are affecting the global economy and there are likely to be more in the near future, possible alternatives to existing and previously well-functioning solutions are being sought to play a parachute role in a crisis.
Gold has always played and will continue to play this role. As inflation is the root cause of all financial crises, it forces prudent investors to invest their assets in gold and thus secure their portfolios and hedge from unnecessary inflation risks. Demand for gold as a secure asset has consistently shown growth during significant shifts in global economic, military, and political power relations.
Unfortunately, the current situation is no exception: the price of gold gained momentum at the beginning of the corona pandemic, and the events of the past month have once again raised it. At the same time, many other asset classes tend to fall in value. Quick adjustments have also followed the rapid price cuts of recent weeks, but the general trend is rising.
One of the main reasons gold is a safe haven for investors in crisis times is its uniqueness: as the value of stocks and real estate declines, gold does the exact opposite and becomes more valuable.
As gold has little to do with other asset classes, its value is not visually affected by the quarterly financial results of any technology company or any of the companies. Gold is weakly linked to other asset classes and global economic cycles and helps smart investor diversify their portfolio, protecting the investor from significant losses or unexpected free falls.