GLD
📈 Gold has seen a price increase of over 12% year-to-date, driven by macroeconomic, political, and geopolitical conditions.
🌍 Increasing geopolitical tensions and trade wars are leading countries to seek protection with neutral assets like gold.
🏦 Central banks, particularly in China, India, Turkey, and Poland, are significantly increasing their gold reserves.
⚖️ Gold now represents 5.4% of all Chinese cash reserves, reaching 2,264 tons in 2024, the highest level since 1990.
@Javierlinares:
“Another asset that is doing very well since the beginning of the year, and since all of last year, is gold. It has risen by more than 12% so far this year, and there are a lot of macroeconomic, political, and geopolitical conditions for the price of gold to continue to skyrocket in the next decade. Central banks already own 12% of all total gold reserves, and this is the highest level since 1990. The countries that are buying gold the most, and at the fastest rate, are China, India, Turkey, and Poland. Gold is already 5.4% of all Chinese cash reserves, reaching 2,264 tons in 2024.”
Watch the exact part of the video where Javier talks about Gold here:
View the video on YouTube.
Read more articles by the world’s top 100 analysts on SPDR Gold Shares (GLD) at the following link. GLD stock.
