Understanding the Rise in Gold Prices!

Gold prices continue to soar as investment funds hold a significant 18% of the precious metal. With an estimated 55 million ounces in their holdings, it's no wonder that gold remains a top choice for investors.
🔥🏆GOLD UPDATE!🏆🔥 Uncertainty and low interest rates are driving the current rise in gold prices. Don't miss out on this golden opportunity in today's uncertain times. 🌎💰
#gold #thewealthofinvestors #becomemillionaire ‪@SaadIshtayeh‬

[@alisra007]

👍

[@SaadIshtayeh]

Thanks 🙏

[@vaishalitayade5921]

When gold price will decreasing?

[@SaadIshtayeh]

Personally, I do not believe that there will be a sudden spike in gold prices in the immediate future. This is due to the ongoing global crises that continue to occur from time to time. As long as these crises exist, gold will remain at high levels, driven by the majority's perception of it being a safe investment option.
However, it's important to remember that gold is ultimately a commodity, just like any other. It is subject to market forces and can experience price fluctuations like any other commodity. While its prices may rise due to rising demand, they can also fall due to various factors in the market.
So, even though gold may seem like a safe investment, it is important to keep in mind its nature as a tradable commodity.

[@johnnagle7702]

Gold is not a bubble

[@SaadIshtayeh]

it is a well-established fact that gold, as an investment asset, has now formed a price bubble. There is no doubt about this. Thanks

[@johnnagle7702]

@SaadIshtayeh it's not an investment its the real money

[@johnnagle7702]

Not the dollar which is a keynesian experiment gone wrong

[@SaadIshtayeh]

@@johnnagle7702 well said, thank you

[@SaadIshtayeh]

@@johnnagle7702 important use of gold: as an international liquidity asset for central banks around the world. Historically, central banks held physical gold reserves as a form of reserve currency, along with foreign currency reserves such as the US dollar and their shares in the International Monetary Fund. This traditional use of gold as a reserve asset was considered to be the most important.
Also, its use as an investment asset by gold speculators. with approximately 18% of the world's gold being held as investment assets by exchange-traded funds.