As the Covid-19 pandemic enters a “new and dangerous phase”, the price of safe haven gold is approaching its highest since 2012 — but one big investment bank thinks the economic response will soon see the yellow metal swell to its highest price ever.
With central bank interest rates leading to poor returns from income-paying investments like your bank savings account and government bonds, gold’s price is now up 15% this year — sitting just below levels last seen eight years ago.
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Sean Sanders, CFA Charterholder and CEO of investment platform Revix, said: “The unprecedented printing of money by governments is why it’s critically important today more than ever to hold inflationary hedges like gold in your investment portfolio.
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Revix is also offering customers a remarkable gold investment offer for the last week of June.
