Why is now the best time to invest in gold?
The gold market is being driven by the economic uncertainties globally, making tangible assets the only safe haven that people can really rely on today. The consistent confidence in gold as a safe haven asset contrasts with deteriorating investor confidence in stocks, real estate and other forms of investment.
Today, the value of gold is $1700 an ounce - almost the highest in history. During the 2008 recession when people sold their gold, which dropped from roughly $1,000 to $700. Within three years, by 2011, it was back up to almost $2,000.
Dr Alain Baron is the founder of coin trading company Numismatica Genevensis SA and the curator of the exhibition “Coins of Islam: History Revealed” at Abu Dhabi’s Sheikh Zayed Grand Mosque. He explains why people should consider investing in gold now, what times of investments need to be made according to your monetary portfolio, and predicts the future of the gold market in this week's Rich Pitch: How to make make money?
(Source: Arabian Business YouTube channel)