Gold is the only major commodity whose value typically increases over time and is now indeed reaching new heights compared to other commodities that mostly fluctuate within certain ranges,” emphasizes Bojan Pravica. “But what is truly unique about gold is that the gold ETF has reached a level that is quite well supported. This support, in my opinion, could be the reason for the rise in the price of gold.
Gold, recognized as one of the most stable investment instruments in the world, has its unique characteristics that set it apart from other commodities. Bojan Pravica, a distinguished expert in precious metals, highlights that gold is the only major commodity whose value historically continuously increases and consistently sets new record values, while other commodities mostly fluctuate within certain price ranges.
Discussion about the unique characteristics of gold can begin with an insight into its history as a reliable store of value. From ancient civilizations to the modern world, gold has always symbolized wealth and stability. This long history of gold as a currency and investment asset highlights its incomparable value compared to other commodities.
Moreover, gold stands out due to its limited supply and high demand. Although gold reserves around the world are not completely exhausted, gold mining is becoming increasingly difficult and expensive, limiting its supply. On the other hand, demand for gold continues to rise, especially in times of economic uncertainty and inflation.
Bojan Pravica also points out the significant role played by exchange-traded funds (ETFs) with gold. Although we have recently witnessed outflows from these funds, they have now reached a well-supported level. This indicates stability and confidence in this precious metal and suggests a potential reversal of outflows into inflows, which would further accelerate the rise in the value of gold.
In an interview with Mr. Bojan Pravica, we also touched upon this topic:
Journalist: Before we delve into specific price movements, can you tell us exactly what drives the rising price of gold and do you think this trend still has some strength?
Bojan Pravica: Yes, definitely. I think there is still a lot of room for growth. When I look at gold, it seems that it’s only a matter of time before it reaches $3000. Although I’ve been saying this for years, it has finally surpassed the $2000 per ounce mark. The key is that the foundation of this trend begins with the unlimited friendship between President Xi and President Putin.
This has shifted the global order and encouraged many people to focus on saving in gold. Thus, the largest pockets in the world (e.g., central banks) continue to buy gold. It can be seen that nothing can stop this trend.
What is truly unique about gold is its ability for long-term value growth, reaching new heights compared to other commodities that are limited by ranges. It’s important to note that despite significant outflows in gold ETFs, levels have been reached that are now strongly supported.
I believe it’s time for these outflows to turn into inflows, which would further accelerate the rise in the price of gold.
Bojan Pravica: Gold as an Investment Asset and Store of Wealth Has Been Popular Since Ancient Civilizations
Gold, marked by unparalleled stability and durability, has always been popular as an investment asset and store of wealth. From ancient civilizations to the modern world, gold maintains its value and stands as one of the most reliable forms of safe wealth storage.
Gold has a rich history as a reliable means of saving and protecting wealth. Civilizations have used it as currency, a means of payment, and a symbol of safe saving for millennia. This long history of gold as an investment form demonstrates its invaluable value and universal acceptance among investors worldwide.
In this context, it is necessary to understand that gold as an investment asset and store of wealth becomes increasingly attractive in times of global economic changes. Despite fluctuations in financial markets and instability in the global economy, gold proves to be a reliable opportunity for portfolio diversification and protection against inflation and financial risks.
The Ability to Maintain Value During Economic Turmoil and Inflation Is What Makes Gold a Popular Investment in a Secure Financial Future
One of the reasons for gold’s popularity is its ability to maintain value during economic turmoil and inflation. While the values of other investments can vary greatly due to fluctuations in financial markets, gold maintains its stability and reliability. This positions it as one of the most desirable assets for diversifying an investment portfolio and protecting against financial risks.
Bojan Pravica, an expert in precious metals, also emphasizes the unique characteristic of gold as an asset whose value typically increases compared to other commodities. In contrast to most other commodities that usually fluctuate within certain price ranges, gold regularly reaches new heights and sets new records, demonstrating its strength and stability and confirming its unique value as an investment asset.
Moreover, it is essential to highlight the role played by exchange-traded funds (ETFs) with gold in its popularity among investors. These funds provide investors with easy access to gold without the need for physical ownership of the metal. Despite recent outflows from gold ETFs, demand for gold has remained firm, indicating long-term confidence in this precious metal.
Pravica also stresses the importance of a diversified investment portfolio that includes gold. This allows investors to reduce risks and increase returns in case of fluctuations in financial markets. Gold, with its stability during economic changes, can play a crucial role in maintaining the sustainability and growth of wealth.
At this point, Bojan Pravica advises readers:
The unique characteristic of gold is its ability to maintain value and grow over time, which sets it apart from other commodities. With its history, limited supply, and high demand, gold remains a key asset for investing and storing value with potential for continued growth in the future. With its stability, reliability, and ability to grow in value, gold establishes itself as a key component of a balanced and successful investment portfolio.
Gold remains recognized as one of the most stable investment instruments in the world, especially during times of economic uncertainty and inflation. Its unique characteristics, such as limited supply, high demand, and historical establishment as a safe store of value, position it as a key asset for portfolio diversification and protection against financial risks.
In conclusion, Bojan Pravica recommends to all investors to consider including gold in their investment portfolio, as with its stability and ability to grow in value, it can play a crucial role in maintaining the sustainability and growth of your wealth. In his opinion, gold is indeed a key component of a balanced and successful investment portfolio that can ensure long-term security and profitability. Is gold already part of your investment portfolio?