Source: Egyptian Institute for Studies
Author(s):
Original Link: https://en.eipss-eg.org/economics-investing-in-gold-for-egyptians/
Economics: Investing in gold for Egyptians
Investment in gold is a safe haven for protecting the wealth value, especially during times of global financial crises, for several reasons, including:
1- The limited quantities of gold: The total quantities of gold that have been produced over the life of mankind are no more than 170 thousand tons. About 2500 tons of gold are extracted annually over the world; and that more than half the production has been extracted over the past 100 years. Due to the limited supply, the price of gold is heavily affected by demand which is always escalating, especially in light of the recent crises. This makes gold a safe haven as a store of ‘value’ throughout history.
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