Central bank net purchases now account for more than a fifth of global gold demand or about twice the proportion between 2012 and 2021 pic.twitter.com/z9pcvCZqin
— Win Smart, CFA (@WinfieldSmart) May 28, 2024
BREAKING: 🚨 Argentina
Argentina's Peso has plummeted to an an all-time low against the U.S. Dollar on the Black Market (which is where Argentinians go to convert to USD) pic.twitter.com/gCm5xVGeC2
— Win Smart, CFA (@WinfieldSmart) May 27, 2024
Navigating Gold’s Volatility: The 2024 Surge and Its Implications
The price of gold has risen 16% since February 2024, but this surge doesn’t guarantee future increases or a solid long-term investment strategy. Gold’s historical performance shows significant fluctuations, with long periods of decline followed by recovery, making it an unpredictable and often volatile investment. While gold has offered some gains over centuries, its average annual return, after adjusting for inflation, is relatively low compared to the stock market.