In moments of economic crisis like those that are coming and in the absence of other alternatives, it is when safe-haven assets such as gold give the best of themselves, maintaining purchasing power and fighting the effects of inflation.
In neighboring countries such as Italy, France and, especially, Germany, citizens are very clear that investing in gold is not a matter reserved for big capital.
Any prudent citizen uses part of his savings to build up a wealth of gold, based on coins or small ingots, which will serve as a supplement to his pension when he reaches retirement age.
This healthy habit has been increased by uncertainty regarding the economic future. According to the latest data collected in the Gold Demand Trends report for the first quarter of 2020, recently published by the World Gold Council , investment in bars and coins of this precious metal by European citizens grew to 65.1 tons between last January and March, 53% more than in the same period of 2019.
In his opinion, it is only a matter of time before gold surpasses its all-time high price of 2011:
“With the current level of debt, the credit crunch and the amount of money central banks are printing, no investor will be safe without at least 5% of their savings in gold right now . “
The lesson is clear: acquiring gold with the savings we have available is a good investment for the future .
Physical Gold, Better Than Paper
It is precisely on this question that a Swiss bank has spoken these days. In a report published on April 20 by the Private Banking Union , they ensure that in the current situation of emergency monetary policies adopted by central banks, “we believe that gold will become increasingly important as a store of value in investment portfolios, a role previously performed by sovereign bonds”.