Post #24

📈Gold's Godlen Years We've already mentioned several times the unprecedented heights of gold prices (GP) in recent years, but we've never posed the question of why gold is ever more expensive. ❓ Since March 2019, the GP per troy ounce has increased by about 280% and currently reaches $3,600 (equivalent to, for example, 76.6 minimum wages in Nigeria). Very good for a measly 33 grams of shiny metal. Basically, there are 3 reasons that explain the endless rise in GP.: 👉 Geopolitical crises, against which gold seems to be the last island of stability 👉 The low interest rate of the US Federal Reserve, with people around the world choosing to invest in gold instead of dollars 👉 No one has figured out how to grow gold in laboratories (unlike diamonds 😁) — It is expected that the GP won't stop and will continue to rise up to $4,000 per ounce and above, unless one of the listed factors disappears. Devils Below