A pandemic, war and high inflation should be pushing gold’s price higher. Instead, at about $1,635 an ounce, it’s worth less than it was a decade ago. Farmland, for one, has become a better hedge, says rob_cyran:
Believers say gold has been a store of value for millennia and offers a hedge against inflation and societal problems. Despite the price recently hitting a two-year high, it has been an inferior hedge, and the opportunity costs have been high. An investment 10 years ago in the S&P 500 IndexWhile gold bulls worry about central banks debasing currencies by printing more, miners also keep extracting gold.
Aboutworth some $11 trillion is held above ground and annual production has increased 26% since 2010, according to the World Gold Council. If the rate keeps growing, it could be a problem. The world’s population has expanded by only 14% over the same span and the rate will continue to slow, the United Nations estimates, which suggests that to keep gold prices stable will require avid backers to buy more of it.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Italians vote in election that could take far-right to powerItalians voted in an election that could move the country’s politics sharply toward the right during a critical time for Europe, with war in Ukraine fueling skyrocketing energy bills & testing the West's resolve to stand united against Russian aggression.
Leer más »
Italians vote in election that may bring far-right to powerItalians are voting in a national election coming at a critical time for Europe.
Leer más »
Russia’s call-up splits EU; Ukraine says it shows weaknessRussia’s rush to mobilize hundreds of thousands of recruits to staunch stinging losses in Ukraine is a tacit acknowledgement that its “army is not able to fight,” Ukraine’s president said Sunday.
Leer más »
Italy’s Giorgia Meloni poised to win election as Europe turns right, exit polls showAn alliance of right-wing parties in Italy, led by Georgia Meloni's Brothers of Italy party, was set to win Sunday's election, according to exit polls.
Leer más »