Gold has been a stable factor when it comes to value for thousands of years. And according reporting demand for AT5 is currently rising again, partly due to high inflation. In Amsterdam, the number of gold sales by companies selling gold is said to have increased by no less than 35% compared to last year.
Gold has been the standard for thousands of years
In conversation with AT5, Bart Brands of GoldRepublic shares why he thinks that demand for gold is on the rise right now. The most obvious reason is the prevailing inflation. The money in the savings account is simply worth less and so gold can offer more protection as an investment.
“It has been the standard for six thousand years. When we look at our monetary system, everything has its origin in that ultimate form of money and that is gold.”
And that ultimate form of money is now a lifebuoy for many, ‘one that people need right now because of the high inflation,’ says the man behind GoldRepublic. The company is currently running an interesting promotion. If you now create an account at GoldRepublic, buy 100 euros in gold, silver or platinum and go through the entire verification process, you will receive this gram of gold in your account within a few weeks.
Why people buy gold
Gold is considered a stable investment for several reasons. First, gold is a tangible commodity that has been valued for thousands of years. It is a precious metal that is relatively rare and in limited supply, which can help preserve its value over time.
Second, gold has been used as a store of value and medium of exchange for centuries. This means that people trust gold to hold its value and be a reliable form of currency. Even though it is not used as much as a currency these days, gold is still seen as protection against inflation and economic uncertainty, as we see in the current situation.