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The price of gold broke the record – Novinky.cz

The price of gold has risen in recent days as doubts about a rapid economic recovery began to emerge and deepen. The value of this precious metal has increased by more than a quarter since the beginning of the year, the Financial Times reminded.

However, the current price is only record nominally. “If inflation is taken into account, the price of gold in 1980 was still about a third higher than today. In real terms, therefore, no record is being set yet, ”reminded Lukáš Kovanda, the chief economist of Czech Fund.

In the past, gold prices, for example, have been pushed to record by fears of high inflation. “At present, it will certainly not be a fear of persistently double-digit inflation, which will drive the price of gold to a record (real) maximum,” Kovanda added.

“It simply came to our notice then. Concerns, especially among wealthy people and families, that in this time of markedly increased uncertainty, ‘paper assets’, ie assets in the form of contracts and contracts, may not always be a guaranteed way to preserve wealth for the future and future generations, ”the economist concluded.

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