Skip to main content

Invest In Gold Or Not.

Investing in Gold.



Gold futures prices are currently 36% higher compared to the price a year ago, cnbc reported.


The article said:


Gold futures prices are also up about 10% year-to-date and currently 36% higher compared to the price a year ago. 

What is behind the rising prices of gold?


Two reasons stand out:

1. The rising global inflation rate. It’s a common practice by many investors to buy gold and use it as a good inflation hedge.

2. U.S. sanctions on Russia. U.S. sanctions on Russia date back to 2022. These sanctions have been the boost for higher returns on gold for at least a year now.

Would global headline inflation continue to rise or would it fall in 2025?

 

IMF said that it is expected to decline.


The bank said:

Global headline inflation is expected to decline to 4.2 percent in 2025 and to 3.5 percent in 2026, converging back to target earlier in advanced economies than in emerging market and developing economies.

Would US lift sanctions on Russia?

U.S. President Donald Trump said on Feb. 25 during a press briefing at the White House. That sanctions against Russia will be lifted "at some point," 

So, should you as an investor invest in gold now?

The decision to invest in gold should be underlined by pessimism because of the uncertainty about the future.

Comments

Popular posts from this blog

15 Surprising Benefits of Journaling (and How to Start).

  Benefits of Journaling. This article was first published on Ayi Post. What Is Journaling? Journaling is the simple yet powerful act of writing down your thoughts, feelings, experiences, and ideas, usually in a private notebook, app, or document. You can approach it in a structured way (like using daily prompts) or completely free-form (writing whatever comes to mind).  Some people use journaling to reflect on their day, plan goals, vent emotions, spark creativity, or even track habits and dreams. At its core, journaling is like having a deep, honest conversation with yourself,  providing a safe space to explore what’s happening inside your head and heart. (Tip: There are tons of journaling styles you can try based on your goals! Scroll down for examples.) Famous People Who Swear by Journaling. Many successful people use journaling as part of their self-care and success routines. Here are a few notable examples: 1. Oprah Winfrey: Credits gratitude journaling for her happ...

9 High yield savings accounts in Nigeria.

High yield savings account in Nigeria Here are nine Nigerian banks known for offering high-yield savings accounts, as of the latest available data.  The interest rates can vary, so it’s always a good idea to check with the banks directly for the most up-to-date offers. 1. GTBank (Guaranty Trust Bank)    Known for competitive interest rates on savings accounts, including specialized savings products like the GTSave savings account. The GTSave offers a competitive interest rates at 8.175%. 2. Access Bank     Offers a variety of savings products with attractive interest rates, especially on their Access Bank High Interest Savings account. Access bank premier savings accounts attracts interest rate of  8.175%p.a paid monthly. 3. Zenith Bank    Provides various savings products with good returns, including the Zenith Bank High Yield Savings account. Zenith bank has an account called Save4Me. Save4Me  is a savings account with a higher interes...

Naira Redesign, Withdrawal Limits And Credit Worthiness of Nigerians.

  Currency redesign by the Central Bank of Nigeria and its complementary withdrawal limits have come to stay. The recent news from the Central Bank of Nigeria (CBN) is an indication of the near irreversibility of the policy implementation. The news claimed that volume of currency in circulation, not in vaults of banks has dropped by at least 5 percent in just one month. So withdrawal limits are going to be enforced to the letter but Nigerians may not have the luxury of time (Senate is urging CBN to set June 30, 2023 as the new deadline).  In the event of no deadline extension beyond January 31st, 2023, how're Nigerians going to make urgent purchases above weekly withdrawal limits? Or even make long term arrangements? Financial transactions are often done on two bases, cash and credit. In many economies, where individuals take their creditworthiness serious, most financial transactions are done on credit basis. In Nigeria, it's mostly on cash basis and soon, this is no longer g...