Since this backing has been removed, the value of gold has risen — because its supply is limited — while some currencies have been devalued as more and more money has been magically created through quantitative easing.
Sean Sanders, CFA Charterholder and CEO of investment platform Revix, said: “The loss of confidence in governments, rock-bottom consumer sentiment and unprecedented money-printing from governments is why it’s crucial, now more than ever, to hold inflationary hedges like gold in your investment portfolio.”
It’s one of a handful of investments with a positive return in 2020 — gold prices are around $1 750/ounce and have gained 16.4% since the start of the year and 37.4% over the past 12 months.
Revix, the fintech backed by JSE-listed Sabvest, is offering customers a remarkable gold investment offer.
Sign up to Revix using the code GOLD and the company will fully guarantee your gold investment for one week.
