Gold sales have received a significant boost over the past year, according to data from the Gold Exchange Office. The trader saw gold sales increase 133% in 2022 compared to the previous year.
Due to the war in Ukraine, the energy crisis and the impending recession, more and more individuals and investors are turning to gold as a safe-haven asset. ‘Precious metal is actually always popular, because it has been proven over the centuries that it always keeps pace with inflation. People are looking for financial security, which is why they invest in gold,” says Johan de Ruiter, director of the Gold Exchange Office.
Gold sales are also on the rise, notes De Ruiter. Gold yields ten percent more than it did a year ago. We see many people looking into the closet and finding a bag of gold. It turns out that you get five hundred or a thousand euros in one go, people are very happy with it».
video recorder
De Ruiter experiences many special stories through his company. One in particular stuck with him. “A man came in with a video recorder. He had cleaned out his father’s house and had come across a very heavy VCR. It was found to contain ten kilos of gold. Grandpa had put it away carefully,’ laughs De Ruiter.
Source: BNR
Andrew Dwight is an author and economy journalist who writes for 24 News Globe. He has a deep understanding of financial markets and a passion for analyzing economic trends and news. With a talent for breaking down complex economic concepts into easily understandable terms, Andrew has become a respected voice in the field of economics journalism.
