Against the background of economic and financial problems, the demand for gold in many countries of the world is at a high level. And this is due not only to the spread of coronavirus and restrictive measures during quarantine. The point is that fiat currencies are printed in unlimited quantities to support the current standard of living. The bank balance can be corrected at any time by pressing a key on the computer.
Another thing is with gold coins and bars. Physical precious metal has always been a demanded asset, and in the future it will remain so.
How much gold?
Many investors want to know how much gold to buy to protect their wealth during the financial crisis? Of course, every investor has his own ideas about financial security. This issue is of interest not only to individuals, but also to Central Banks. A representative of the Philippine Central Bank recently said: “We have more gold in reserves than we need. The share of gold in the country's international reserves is 10% ”.
Apparently, the policy of the Central Bank of the Philippines is more similar to the actions of a private investor, who must also have up to 10% of the yellow precious metal in its investment portfolio. For comparison: the share of gold in the reserves of the Bundesbank is 77%.