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Will Gold be Golden?

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Date: 14.12.2021

Author: Nikolas Traavik Nesheim

Overview

 

Inflation in the United States is up 6,8% in november, when compared to last year. The last time inflation was this strong was in 1982. What can be done to protect your purchasing power?

Investing in Gold is considered to be relatively safe during times of economic instability, mainly because it can protect purchasing power. Spot price for an ounce of gold is currently sitting at around 1772 USD, down from a yearly high of around 2000 USD.

Gold has held a tangible, real value in human society for a long time. It remains to be seen whether it can regain and surpass the 2000 USD level.

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