Specifically, futures have revalued by 3.5% since the beginning of the year and the price of an ounce moved last Friday around the 1,333, dollars, with a rise Calendar 2019 Bank Holidays India in the week exceeding 2% or more than 4% if taken as a reference in the last month. A recovery of the value of gold with respect to the falls of the second half of last year, which are also confirmed by the Wisdom Tree consultancy, which foresees that the value of the ounce could close 2019 at $ 1,370. In this sense, they point out possible factors that could further boost the futures of this raw material: a hard Brexit, a deterioration in the US-China trade war, or another closure of the government in the first country.
Calendar 2019 Bank Holidays India
But is all that glitters gold? That is, is it correct to attribute to the coveted metal the quality of refuge? As Tomás Epeldegui, CEO of Degussa – a company specializing in investment gold trading and also offering to invest in bullion, coins or gift items made in this brilliant material – remembers, “gold has survived empires, wars, 5,000 years with us: it is easily liquid, recognizable and demanded all over the world ». For the head of Degussa, “gold is an alternative investment, not an alternative investment.” As an example of the growing interest in this material, it mentions the increase in demand by 4% last year worldwide due to the largest purchases in half a century by central banks reaching 4,345 tons, according to the World Gold Council .
So, is gold that refuge sought in times of uncertainty? Espeldegui (Calendar 2019 Bank Holidays India) argues that gold can enter into a strategy of “diversification” of an investment portfolio, paying attention to that old Spanish saying that says «You do not have to put all the eggs in the same basket». In this sense, he regrets that “most people think only of financial portfolios when talking about investment” and puts in value, what in his opinion are advantages such as the elasticity of gold or its demand for activities as different as medicine or The jewelry. But experts consulted doubt the quality of gold in the current context as a “safe haven”, and point to alternatives such as public debt. For Álvaro Drake, director of the Master in Stock Exchange and Financial Markets of the IEB, we are facing “a self-fulfilling prophecy” since “there is not a very deep gold market”.