Gold is more expensive and will probably go up. According to Goldman Sachs, in 2022 we will pay as much as USD 2,300 for 1 ounce of gold.
Gold is getting more expensive and won’t stop
The new week marks the continuation of the bull market in gold. At the time of writing, you pay $ 1,979 for 1 troy ounce. As you can see, not much is left to beat the $ 2,000 level. Anyway, a well-known investment bank claims that the current price of gold is still favorable if one makes long-term investments.
Analysts from Goldman Sachs – because we are talking about this bank – noted on July 28 that“Record level of debt accumulation” the US government and “Real concerns about the longevity of the US dollar as a reserve currency” strongly affect the price of gold. Hence the conclusion that the price of gold will increase to USD 2,300 in the next several months. Goldman’s experts believe that the ore will reach this price by 2022 at the latest.
The price of silver, in turn, stabilized around $ 24 per ounce. At the time of writing these words, you pay $ 24.46 for 1 ounce.
Where are these price jumps coming from?
Why are ores so much more expensive? It’s easy. This is the result of economic problems with which almost the entire world is struggling.
“For the dollar, and thus also the price of precious metals, the arrangements for the anti-crisis package for the American economy may be important. At the end of July, the protection program package expired in the US, under which the unemployed received $ 600 a week. The mood of stock exchanges and the currency or commodity markets may depend on the shape of further aid, which is still being forged in Congress “
– explains portal bankier.pl.
Bitcoin is also doing well in the chart. Today, you pay USD 11,140 for 1 BTC on stock exchanges.
Also remember that the current one course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . In turn, a certain place where you can buy Bitcoin and other kryptowaluty, include Poland cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, in this article you will learn how to create one quickly and efficiently: LINK.