Inflation is not dead. Gold will continue to glitter once fear subsides
Gold is trading at near all-time highs, but will investors lose interest when the crisis wrought by Covid-19 passes?
“Gold has always kept its value ever since the Pharaohs of Kush got theirs from the mines of Ethiopia,” says Bevan Jones, CEO of African Source Markets. “It has rallied on fear but also the sheer amount of quantitative easing that has come into the market. A lot of cryptocurrencies are also backing themselves with gold.
“I have no doubt that it’ll go back above $2000 - before the end of 2020 most likely - and continue going up. It will always keep its value as a hedge against inflation.
“Inflation is not dead. It’s in a deep slumber and it’ll come back like a thief in the night.”
“I understand why people hold onto gold as a store of value,” says Ilja Graulich, Head of Investor Relations and Communications at Tharisa. “I have gold in my portfolio. There’s an allure to it. I’m not sure inflation is dead.”
For more detail, listen or watch the discussion below.
Watch the entire, unedited discussion below.
The untapped potential of Africa’s treasure trove of natural wealth presents its beneficiaries with a prosperous future, if exploited.Read More
Tackling Africa’s energy crisis starts with policymakers and evidence shows that they’re not moving fast enough.Read More
Wherever there is a problem, there is a solution and in the energy sector, a solution is an opportunity.Read More
The market exists and, so does the technology – the question is, who is capable of operating energy storage in South Africa?Read More
Issues such as climate change are no longer “soft” elements that can be tucked away in a sustainability report somewhere.Read More
Fixing “the Eskom problem” is going to take much more than just throwing good money at it – Eskom needs to be restructured.Read More
With the Festive season upon us, it is worth unpacking some of the data to better understand exactly how consumers reacted this year.Read More
The pandemic has hastened much-needed consolidation and made clear the value of bringing supply chains closer to home.Read More
Covid-19 has changed the consumer goods sector. Some changes will reverse, but others are permanent and may even accelerate.Read More
Along with the pandemic, the future of the consumer goods sector has arrived with a bang.Read More