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Good for you. The person I'm thinking of was known to convert his cash into gold coins, and was murdered by two young men who broke into his cabin to steal it. Left without finding it; it was stuck in the chinking between the logs.
One is more likely to be murdered for their fiat currency.
I don't care how much bling the bankers buy.Central bank purchases have been the main driver of the sharp rise in gold prices, Struyven said. “Central banks are now buying roughly 80 tonnes per month. That is about five times faster than before 2022. Several important Asian and emerging market central banks are still underweight gold and have significant room to increase their reserves,” he explained. He expects central banks to continue buying at a rapid pace for the next three years, pushing gold prices even higher.
Growing expectations of additional US Federal Reserve rate cuts later this year have further supported the safe-haven demand for gold. Prices have also been buoyed by concerns over a possible US government shutdown.
Gold could hit $4,300 per ounce by end of 2026 driven by central bank purchases: Goldman Sachs - CNBC TV18
Central banks are driving gold prices higher, with purchases hitting record levels and supporting a rally that could take the metal above $4,000 per ounce by next year. Analysts say silver could also see gains if investors shift from gold, as geopolitical uncertainty and potential Fed rate cuts...www.cnbctv18.com
