US EditionIndians shift to gold investments as local equities founder
- Last week, gold prices surpassed $3,000 an ounce for the first time, driven by its role as a safe haven during turbulent times.
- The surge in gold prices, up nearly 14 percent this year, is attributed to broader economic and political stress, including the Russia-Ukraine war that began in 2022.
- This interest in gold is reflected in increased bullion buying by central banks, particularly in China and India, a jump in first-time buyers, and a climb of 68.1 tons in U.S. Gold exchange-traded fund holdings.
- According to Jack Ryan of Bloomberg, "It's another golden age for goldbugs," while Polina Devitt of Reuters noted that "Small investors are increasingly gold-curious."
- Fueled by geopolitical instability and concerns over slower U.S. Growth, gold prices reached record highs on Thursday in both international and domestic markets, with the international bullion rate hitting $3,052 and 24-karat gold reaching Rs321,000 per tola in Pakistan.
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Christian Actor Neal McDonough Says “Beacon of Light” Gold Company Can Be Trusted in These Crazy Times
Bible-believing Christians and those who are concerned about the economic future of America have the consensus view that strange times are ahead. Even with fiscal spirits raised by the election of President Donald J. Trump, geopolitical turmoil continues to threaten the markets. Physical precious metals like gold and silver continue to draw Americans to them even as price records are being broken every week. Christian actor Neal McDonough said, …
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