Gold is considered good hedge against currency debasement and inflation.
The Covid-19 pandemic wielded a massive impact on the world economy. Amid inflation and continued uncertainty regarding the virus, Central banks around the world have been cutting interest rates.
Gold has been a highly preferable investment tool because of the liquidity it offers.
Gold emerged as a major asset class during the current crisis. Its performance was fairly stable during the two waves of the pandemic, which made a lot of new investors hop onto the gold bandwagon.
Financial experts opine that gold is one of the best ways to add a stabilizing element to one’s financial portfolio.