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Why Now's the Time to Invest in Gold

The state of the world today is pushing up the gold price

25 February 2020
F
irst, a disclosure: I am founding Mansa , a startup that offers an online marketplace for trading of gold, and once the marketplace is up, it would benefit me if people were to invest in gold using it.

But it really is the right time to invest in gold. The world economy has not been in good shape for a while now and it doesn't look like it's going to get better anytime soon. If anything, the forecasts are it will get worse.

And when there is no other place to invest, what remains is the default. And that is gold.

And that's why the gold price has been going up. In USD terms, it's gone up 25% from a year ago. Here's the chart as of 25 Feb 2020.

 

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