This is the 5 year gold price chart, from GoldCore. Adjust the chart to see the gold price in different currencies and time periods.
Given the age in which we live, the five year gold price chart is an interesting tool. The events of the last five years were events that some of us could never have believed would occur, while others may have dismissed them as 'no longer' occurring or being the stuff of legend.
In the previous five, ten or twenty years, the global economy has undoubtedly been put through its paces. This is why the five year gold price chart is so fascinating. It provides a snapshot of how markets have reacted to the unexpected, systemic dangers, and risks that they have disregarded for far too long. But, it really is only a glimpse.
For thousands of years, gold has been utilised as money and as a harbour in a storm. The global economy has been hit by significant shocks before; the only difference today is that they appear to be coming at us harder and quicker.
The reasons for owning gold bullion are the same as they were five, 105, or 1,005 years ago. Gold is an effective hedge against fiat currency depreciation. Any institution cannot alter the existence, value, or price of gold because it is a borderless money. Gold is a safe haven asset that serves as portfolio insurance.
Gold is also a valuable resource. It's physical; you can touch it, store it, and move it around without leaving a trace. Gold is a tangible asset, yet unlike other tangible assets, it is extremely liquid. To buy or sell it, you do not have to go through any lengthy procedures. It's a pretty basic asset that simply sits there, waiting to protect your portfolio from the onslaught of bad policy making and ignored systemic risks.
If you'd like to add Gold to your portfolio and need some assistance, please contact GoldCore by chat, email, or phone, and our knowledgeable team would be happy to help.
The other day I was fortunate to receive a report from Fordham Global Foresight, the independent advisory business founded by geopolitical strategist Tina Fordham. It begins with a question its authors hear repeatedly from business leaders and senior executives: “When will things go back to normal?” It’s probably a question I myself am guilty of […]
Gold and silver have had another volatile week. At the time of writing, gold was trading close to $4,100 an ounce, having recovered some ground after renewed tension around Iran and the Strait of Hormuz. Silver remains under greater pressure, after another sharp move lower this week. The immediate drivers are nothing we haven’t spoken […]
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