We explain why gold has become a fulcrum for future investors in 2018.
If the year 2017 has been named the year of cryptocurrency by financial experts, the year 2018 is all about gold.
According to the latest data, gathered by CoinMarketCap cryptocurrency market analysts, the negative dynamic has already affected all types of existing cryptocurrencies earlier this year: Ethereum fell by 4.09%, down to $1200, while Bitcoin fell by 3.7%, down to $1600.
CEO of Morgan Stanley James Gorman:
"Any cryptocurrency is speculative in nature, and as you might know, an artificially inflated demand destined to disappear rather quickly."
Against a backdrop of bitcoin’s downturn, dollar forfeits its status as the world's major reserve currency. According to financial information service MarketWatch and its sources, U.S. dollar exchange rate has hit the lowest level since 2015.
Gold, in contrast, builds momentum. The precious metal has been given a special meaning in the world of finances, contributing to reliable savings and investment income formation, as well as financial security strengthening.
THE FOUNDATION OF FINANCIAL SECURITY LIES IN GOLD
Financial security is the ability of a person to protect his/her vital interests. Certainly, financial security of many families or enterprises depends on overall economic and political situations in their countries. However it should not be forgotten that without making a personal effort the confidence of tomorrow's day can hardly be achieved.
Industry's leading experts believe that gold is the best insurance against debt, unemployment, even accidents of any kind.
According to the global banking conglomerate Commerzbank, price growth of gold remains unabated, and the price of the yellow metal would amount to $1350 by the end of the year.
GFMS analysts at Thomson Reuters acknowledge that gold will reach its peak by the end of 2018, getting closer towards $1500 per ounce mark.
Prominent businessman and the best-selling author of "Rich Dad Poor Dad" Robert Kiyosaki suggests that in 22 years the U.S. dollar will cease to exist.
"I am fairly well-prepared to face the economic collapse.I have stockpiled so much gold that I won't be able to spend it for the rest of my life."
Clearly, low-taxed gold trading raises the investment attractiveness of the yellow metal.
American investor and the President of the brokerage company Euro Pacific Inc. Peter Schiff:
"This is not surprising that overly optimistic sentiment in the financial markets urged investors to increase stocks of their physical capital, rushing into gold."
Gold is on the upswing year after year. As a matter of fact, its true value is backed up by experts and the thousand-year history. It has been and always will be a foundation for the financial security.
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