People came back for gold

20.09.2023

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Banks note increased demand for gold bars from the population. Some market participants even note their shortage in informal conversations. These are the ones that retail investors buy, seeing gold as a “safe haven.” However, the largest banks claim that they have enough bullion, and shortages may arise from small players who buy gold from manufacturers for customer orders without building up reserves. Demand for gold bars from citizens began to grow again amid rising inflation and sharp currency fluctuations. There is nothing surprising here: when there is financial instability in the world, and it is not possible to trust leading currencies and countries, gold has been and will be the most reliable investment product on the planet.

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