First of all about gold – the world is threatened by significant inflation and a new cold wolf. Therefore, rich people invest heavily in physical gold

The price of gold This year, it has reached its peak since 1971, when the so-called Bretton Woods exchange rate system was abandoned, along with the American dollar first on gold. The first peak occurred in 1980, the second before nine flights.

The reason for the now powerful number gold prices is the fact that he has been playing cards lately. The expansive monetary policy of the worlds of major central banks in the elderly with the American sr years rates and in dispute.

With a decrease in relnch years rates series of investment tools to zero, even in dispute with a shot accident goldwhich is the first thing that dn does not bear the year. Get used to the darkness of centuries proven benefits gold, which is mainly that it is a fuse for asy out of uncertainty. Uncertainty now increases globally, mainly due to the increasing risk of a kind of pandemic wave
coronavirus and due to growing geopolitical turmoil, especially the continuing deterioration of the relationship between the two largest world economies, the United States and new.

Poptvku po gold move so weakening dollar. The devaluation of US currencies stems in addition to changes in the highly expansive currency of US policy central bank so from the expansive budgets of government policy Spojench stt, which has resulted in an enormous increase in US debt.

Invest massively to gold not only in its physical form, but so through
fond. Publicly traded fundswho specialize in investment first to
gold, in connection with the growing demand, the investor this year massively increased the volume gold ve svm dren.

All these factors in the intensity of its manifestation in the coming period will continue, so that the pressure on growth gold prices nezmiz. It is a must for you with temporary corrections. However, this trend should continue in five months and years.

Takzvan unexperienced gold,
ve form investment to pslunch gold exchanges traded fond (ETF), however, does not represent a full diversification with respect to others
paprovm aktivm typ action i bond. This is the purchase of the physical gold, which should show in the developed investment portfolio according to the five percent.

It is possible to take an example from bohatch individuals and bohatch families. As a rule, these people are very well informed, even with very good and time-paid investment advisers, this year gold. Behind this demand is the fear that there may not be a significant increase in uncertainty at this time unexperienced property, ie property in the form of contracts and contracts, always a guaranteed way to preserve the wealth to be found in the future and for generations to come.

First very wealthy individuals and wealthy families through the so-called family office this year, take a record amount gold in physical form, ie in the form of ingots. So make a decision in the record
gold own tangible, not just mediated, ie in the form of a contract and a contract for mon metal.

Time-informed people fear not only the kind of wave of a pandemic, coronavirov uncertainty and nov students wolves, but so mon high inflation. The current policy of the government of the developed world, which in the fight against the economic coronavirus provide new pensions in the form of business incentives for housing, skills and guarantees. And debt. The people do not know a better insurance against the noticeable inflation, is not the first gold. Especially physically gold.

Luke Kovanda, Ph.D.

Nrodn ekonomick rada vldy (NERV)

Chief Economist, Trinity Bank