What Next for Gold?

Rising inflation, the growing popularity of cryptocurrencies, and central bank policy are just some of the things currently impacting the gold price

Sunniva Kolostyak 7 July, 2021 | 9:32AM
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Multiple gold bars

For thousands of years, gold has been something investors buy to store value. Whether in the form of jewellery, ETFs or bars and coins, gold has long been an asset used to protect against the consequences of a financial crisis or inflation.

Technically, says Morningstar analyst Alex Bryan, gold is only worth what someone else is willing to pay for it – but in reality, it has a proven track record as a safe haven to preserve wealth. The gold price has grown on average 11% a year over the past 20 years, outpacing both the consumer price index (inflation) and cash savings.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

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About Author

Sunniva Kolostyak  is data journalist for Morningstar.co.uk

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