“The last three years have been very good for gold. The current 2020 has become special - since the beginning of the year, the cost of the yellow precious metal has grown by almost + 35%, ”the bank said in its review. "Use the gold market this year, three important factors have shown themselves this year: 1) low real rates in the long term, 2) excessive printing of fiat money around the world, 3) weakening of the US dollar."
However, many dieters overlook another reason for the run of analytical gold. And this reason is related to the first three. It's called trust. In the long term, as history shows, trust in paper money is a fickle thing. No other currency has been able to survive as long as gold did. The history of the precious metal is more than 5000 years. He is the only custodian of values ​​throughout the history of mankind.
Thus, it turns out that in the world trust exists in the existing monetary and political System, which is clearly indicated by the rise in prices for the yellow precious metal. We are monitoring an increase in the number of people actively investing in gold and cryptocurrencies.