The end of the year is a good reason to look back, take stock and draw conclusions. It’s no exaggeration to say that 2020 has been a triumphant year for gold. The decisive victories of the yellow metal impressed even the most incorrigible skeptics.
The difficult situation in the global economy has caused a surge in buying activity in the investment gold market. Mints and refineries* were struggling to keep up with the growing demand and were reporting record sales. As has often happened before, hard times have made people realize the importance of Financial Security and its main tool.
Economic instability and increased demand led to the fact that the price of gold reached historic heights several times in August. First, the record set in 2011 was broken — $1,921 per ounce. The numbers continued to rise and soon surpassed the $2,000 mark. The highest recorded price was $2,075 per ounce.
Recognition as the best asset
The successes of gold have been highly regarded all over the world. Economists, bankers, journalists and ordinary people have talked about the yellow metal and continue to do so. Back in the summer, it became rather clear who would get the title of the best asset of the year.
In the chart: the steady rise in price throughout the year has made gold a superstar among financial assets.
Proof of superiority
Gold is one of the greatest values at the disposal of mankind. In good times, this truth is often forgotten, as people even tend to treat gold with disdain. But when faced with adversity, people turn to gold, and then the truth comes to light. The precious metal becomes the only reliable support for the economy of countries and the well-being of citizens.
One can talk a lot about what the year 2021 will bring to the world. Yet one thing is clear — only those who own gold can face the future without fear.
Benefit from the eternal metal!
Look to the future with confidence and excitement!
*Refinery — an enterprise where impurities are removed from precious metals.