While there are few true safe-haven assets in the global financial space, gold is undoubtedly one that fits this coveted description.
photo credit: Michael Steinberg / Pexels
In addition to being a relatively secure store of wealth and a precious metal with at least some industrial demand, gold also provides a viable hedge against the inflationary pressures of fiat currency.
This can prove invaluable during a recession and periods of economic decline, which is just one of the reasons why the value of gold soared and achieved brand new highs during the coronavirus pandemic through 2021.
In this post, we’ll explore the main advantages of trading and investing in gold, especially in the current economic climate.…Continue reading