The head of Asia-Pacific and central banks of the World Gold Council, Mr. Shaokai Fan, said golden has demonstrated its resilience in times of uncertainty.
Because it is also a somewhat liquid advantage, he said, which is what led many investors to continue to invest in gold despite the fact that the cost is fairly high.
He added that there are becoming more and more questions over the future of traditional secure sanctuary resources like US Treasuries and the US dollar.
When you don’t have those secure sanctuary property, you’re left with a few people, such as federal securities and metal. Some owners have turned to gold to prepare for an uncertain earth, he said.
NOT ALL GOLD Sparkles
However, not all metal resources are being seized.
The first quarter saw a 20 % decline in demand for gold jewelry, partially as a result of the record-setting price environment.  ,
Jewellery typically costs more because of the labor involved in producing it, according to golden dealer Brian Lan. Unlike investment-grade gold bullion, jewelry is also subject to goods and services tax ( GST ).
” Therefore, in contrast to both, of training more people will look at actual gold rather than jewelry,” said Mr. Lan, who is the managing director of GoldSilver Central.  ,
” Some people view it as a general money,” he said. People also believe that silver can be melted and turned into jewelry if necessary.
Analysts predict that the rest of the year will be underpinned by the strength of desire, leading to new all-time highs in prices.
According to Mr. Fan, central bankers have been acquiring significant amounts of gold for the past three decades.
In the end, central banks are much more vulnerable to some of these social improvements. They must find ways to increase resilience, he said, as well as other owners.
Analysts predicted that the rush to gold will remain in the middle to long-term as the world becomes more volatile.