The precious metal gold has been a benchmark for wealth for thousands of years. And those who currently have gold, their wealth has grown particularly strongly in the past few weeks, because the gold price is at an all-time high, since the beginning of the year the gold price has risen by ten percent.
22.02.2020 07.59
Online since today, 7.59 am
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One troy ounce of gold, which is just over 31 grams, is currently worth almost 1,500 euros. In November it was just over 1300 euros. Herwig Krist, head of Treasury at Sparkasse Oberösterreich, explains the price increase as follows: “There are probably several reasons. On the one hand, it is certainly the ongoing low interest rate phase that we have ahead of us and a lot of investors, who have the decision between zero or little interest in their savings book or buy a gold coin, then tend to tend towards gold ”.
On the other hand, gold is historically a risk currency, “in uncertain times – be it due to the trade conflict between the United States and China or the geopolitical tensions between the United States and Iran, or the corona virus – all of this means that gold has become more interesting as a safe haven again. “
Beware of euphoria
But you shouldn’t break out in euphoria and invest all your assets in gold. It is not good to put everything on one card, when it comes to investments, it always depends on the right mix, explains. The upward trend in gold could, in principle, continue as long as interest rates did not rise significantly.
Gold should not be a particularly risky form of investment. After all, the price of gold has tripled in the past 15 years – but has since fallen again and again.
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