3.8% increase last week sees Gold break through $1900, pushing new highs.
Is it time you topped up?
Right now, we are witnessing a perfect storm in world economics. We have crippling inflation, currently 7% in the US, 5% in the UK and rising; we are witnessing unprecedented geopolitical unrest with Russia’s invasion of Ukraine seeing major cryptos plummet over night.
And what is gold doing? Gold is performing in the way that we have trusted it to behave for millennia; when things get tough, we see savvy savers putting their money somewhere safe, the hedge against inflation that helps protect their savings. Gold.
Last week gold smashed through the $1900 barrier and some pundits are saying that it will keep climbing past the $2000 high of 2020.
Here at Glint, we would never dream of offering you financial advice, but it might be worth you thinking about your savings right now. Could liquid, allocated gold with Glint be a better place for you to put your money than watching its value being frittered away, sitting in the bank?
It’s so quick, safe and easy to add funds to your Glint account and buy Gold in the Glint app.
Click here to follow some simple instructions to get you started.
At Glint, we make every effort to demonstrate a balanced conversation between gold, crypto and fiat currencies when it comes to purchasing power and, while we strongly believe that gold is the fairest and most reliable currency on the planet, we need to point out that it isn’t 100% risk free. While we have seen a steady increase over time, the value of gold can fall, which means that its purchasing power can also decline.
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