Gold prices have nearly doubled in the past five years, crossing the $3,000-an-ounce threshold for the first time ever. This significant move may signal a structural shift in the sector that could drive long-term strength.
According to Alex Ebkarian, chief operating officer and co-founder of Allegiance Gold, the gold market is revealing deeper structural issues that are eroding trust in paper gold markets. The precious metal’s recent surge suggests its long-term strength remains “undeniable”.
This development has investors taking notice, with some joining the gold rush in anticipation of further gains. However, experts caution that the move may also signal a shift away from traditional gold investments and towards more tangible assets.
The implications of this trend are still being assessed, but one thing is clear: the gold market is undergoing significant changes that could have far-reaching consequences for investors and industry professionals alike.
Source: https://www.marketwatch.com/story/goldtops-3-000-heres-what-investors-joining-thegoldrush-need-to-know-90686a48