Gold: A Safe Haven and a Strong Investment

Today’s Daily Byte

The market remains in limbo again, not able to garner support at the previous day, falling a bit. There seems to be complete lethargy in terms of trying to go up, and while it is difficult to read what is exactly going to happen, there is a chance of a down move on the head and shoulders pattern that remains very open. There are, of course, a lot of people talking about a big crack in the market. So let's look at the past history of big cracks and scary scenarios. Of course, I'm not trying to instill any fear in you; we will follow our set path of investing. But can a dot-com-like scenario happen? We'll try to analyze that today in the episode.

Reading Time : 4 Minutes

The world has too much money

In recent years, we have witnessed something remarkable—an incredible rise in the global money supply. Over the course of almost 100 years, the Federal Reserve slowly increased the money supply to around $4 trillion. However, during the COVID-19 pandemic, this amount skyrocketed, jumping from $4 trillion to over $20 trillion in just one or two years. This sudden surge has had a major impact on the global economy, affecting everything from the price of everyday goods to the value of major assets.

Reading Time : 3 Minutes

Gold CAGR in different currencies

Gold has long been a valuable asset for investors all over the world. It serves not only as a hedge to protect against economic downturns but also offers solid returns over time. Many people think of gold as something that just sits there, but the truth is, it has provided steady growth in various currencies over the years. Gold’s performance across different countries shows how reliable it is for both protecting wealth and growing it.

Reading Time : 3 Minutes