FLASH NEWS
The value of gold has increased by 620% in 20 years, the most common choice for savings
2025-04-20 21:34:15 / EKONOMI&SOCIALE
In the last two decades, the value of gold has increased by 620 percent, which means that if you had bought 10 thousand euros of gold in 2005, the value of the gold purchased today would be 72 thousand euros. This significant increase has led many citizens to choose gold as an alternative to traditional savings in banks, which often do not offer sufficient protection against inflation.
A month ago, the price of gold exceeded the $3,000 mark, reflecting increased demand from investors.
Experts predict a further increase in the price of gold, with some suggesting that by the end of 2025, the price could reach $3,300 per ounce, and by 2030, it could go up to $7,000 per ounce, equal to 28.3 grams of gold.
Gold prices have hit new highs as concerns about a trade war between the US and China grow. Analysts warn that volatility could persist until relations between the world's two largest economies are clarified. Investors are closely watching the next steps of the US and Chinese governments, especially new announcements regarding customs policies.
Gold prices rose more than 28 percent last year, according to the World Gold Council (WGC), driven by strong demand from central banks and investors amid heightened geopolitical tensions. Central banks are likely to continue buying gold this year, the WGC said in December. China bought gold for a fourth straight month in February, according to central bank data.
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