How Is Gold So Valuable - Pricing Explained
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- Опубликовано: 29 ноя 2024
- Why do gold prices increase and why is it so expensive? In the past 2 years, #Gold has increased in value by over 35%, and in the last 3 months alone, it has increased by 17%.
Governments and central banks are also participating in this gold-buying frenzy - #India has purchased over 13 tonnes of gold in the first 2 months of 2024 alone via RBI, increasing its overall reserves to over 800 tonnes.
Based on data from the IMF and the World Gold Council, Turkey, and China have been leading as top 2 buyers of gold, and central banks have collectively added 39 tonnes of gold to their reserves in January 2024 alone.
What is driving this increase in gold prices? Why is gold universally accepted as a currency and mode of payment even after the prevalence of the US dollar?
In this video, I explain how the gold price is determined, why is gold so valuable and expensive, and whether you should buy gold right now or not!
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Very insightful!
I am glad you liked it, Anirudh!
Very good research bro...keep going ❤
I am glad you liked the video, Harsh!
@@shankar_unravelled sir actually...I like informative videos to watch and randomly I was just scrolling down and your channel name is unique then I immediately read the title and for 5 mins I listened to it carefully...and I liked it...
@@shankar_unravelled also. Now I have subscribed to your channel you should.... Do more and more videos...
Nice 👍 I am seeing prices around 85-90 k by the end of 2026..
Thanks for sharing the insights, Yuvraj. Please subscribe as well!
Nice
Thanks, Sreehari. I hope that you have subscribed to my channel!
Congrats bro teri Ambani wali video viral ho gyi🎉
Thanks!