Is Gold Expensive Yet ?

Is Gold Expensive Yet ?

Gold has always been seen as a safe haven for investors, especially during times of uncertainty.

However, recent data shows that gold might be lagging behind where it should be in terms of value.

Over the years, several factors have influenced the price of gold, but when we look closely, gold seems to be significantly underpriced when compared to other financial metrics.. . . . .

Reading Time : 4 Minutes

Central banks pushing price of Gold

Gold has always played a significant role in the financial world, especially in the reserves of central banks. Before 1971, when gold backed the US Dollar, central banks held a large percentage of their reserves in gold, often ranging from 40% to 60%. This made gold a central part of global finance.

However, after 1971, the situation changed, and many central banks began selling off their gold reserves, leading to a decline in its percentage within total reserves.. . . . .

Reading Time : 3 Minutes