Wealthy families and individuals worried about US government debt levels were the probable drivers of a record second quarter in demand for gold, according to an industry report, pushing the price to all-time highs this year. Posted on 07/30/202407/30/2024 by
BofA Private Bank Study of Wealthy Americans Finds Generational Divide in Investing, Giving and Preserving Wealth. Currently 45% own physical gold as an asset and another 45% are interested in owning it. Overall, 41% of the wealthy own (18%) or are interested in buying (23%) physical gold. Posted on 07/05/202407/05/2024 by
Addressing the question of why advisors are investing in gold, 48% said the asset is a proven diversification tool during periods of economic uncertainty, while 36% pointed to its proven role as a long-term store of value. Finally, 35% of managers said that it was because their clients expressed a desire to invest in gold. Posted on 06/28/2024 by
The gold mining industry is struggling to sustain production growth as deposits of the yellow metal become harder to find, said the World Gold Council. Posted on 06/10/2024 by
” Goldman Sachs predicts that the precious metal will climb another 14% to $2,700/oz by the end of 2024.” Posted on 05/31/2024 by
Gold’s appeal to younger generations: Millennials are allocating 17% of their portfolio to gold while baby boomers are at 10% according to State Street. Posted on 05/17/202405/17/2024 by
International Central banks are favoring gold over the U.S Dollar as being a politically neutral, safe asset, insulated from sanctions. Posted on 05/15/202405/15/2024 by
Gold demand marked its strongest first quarter in eight years, buoyed by “healthy investment” from the over-the-counter market as well as central-bank purchases, which saw their best start to any year on record, according to a report from the World Gold Council released Tuesday Posted on 05/01/2024 by
