Gold Prices Surge, But Expert Advises Against Market Investment
Oslo, norway – The price of gold is nearing $4,000 per ounce, fueled by demand from central banks adn financial investors, but a leading investment director is cautioning individuals against purchasing gold as a market investment. Robert Næs, Investment Director at Nordea, suggests alternative avenues for those considering gold as a financial asset.
While interest in gold, silver, and cryptocurrency is currently high, Næs believes investors are generally overextended. He emphasizes a key distinction between speculating on gold’s market value and investing in companies that generate revenue and pay dividends. “Why do you do it?” Næs asks,advising individuals to instead consider selling unwanted jewelry. “Then I would rather check if the jewelry box has some ugly, old jewelry you can sell. Put it on the weight and see what you can for it.”
Næs points out that gold, unlike stocks, doesn’t produce income. Its value relies solely on price appreciation and continued buyer demand. He notes that customers have recently received over NOK 100,000 for their gold, highlighting the current market value.
The investment director personally prefers to purchase gold only when selecting gifts, jokingly stating that clothing purchases for his wife have been unsuccessful. He also referenced the strong performance of technology companies like Nvidia as an example of a possibly more fruitful investment strategy.
