Invest In Gold As a Hedge In Cashless Society – Ex IMF Rogoff

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Published : February 15th, 2019
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Category : Market Analysis

– Invest in gold as a hedge, in pensions & as a store of value – Rogoff
– Investing in and owning gold as a hedge will become more important as it will have “enormous value” in a cashless society

– Bitcoin and cryptocurrencies are not an effective replacement for paper money … but gold’s role is likely to increase as cash is used less and “the trend towards digital currencies” will benefit gold
– “There is an incredible disconnect between the fact that cash is disappearing in legal, tax-compliant transactions but exploding in terms of how much central banks are printing” says Rogoff
– It makes sense for investors, HNW individuals, pension funds and central banks to invest a “percentage of their assets in gold” as a hedge
– “Gold is also likely to increase in value” as central bank and global investment demand increases
– “As a hedge, gold has enormous value…” Rogoff concludes

News and Commentary

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Gold Prices (LBMA PM)

14 Feb: USD 1,305.65, GBP 1017.49 & EUR 1,158.50 per ounce
13 Feb: USD 1,311.15, GBP 1017.45 & EUR 1,158.79 per ounce
12 Feb: USD 1,311.60, GBP 1021.21 & EUR 1,163.00 per ounce
11 Feb: USD 1,306.40, GBP 1014.81 & EUR 1,157.08 per ounce
08 Feb: USD 1,311.10, GBP 1012.04 & EUR 1,156.65 per ounce
07 Feb: USD 1,310.00, GBP 1009.49 & EUR 1,154.11 per ounce
06 Feb: USD 1,313.35, GBP 1013.51 & EUR 1,152.86 per ounce

Silver Prices (LBMA)

14 Feb: USD 15.58, GBP 12.17 & EUR 13.83 per ounce
13 Feb: USD 15.69, GBP 12.13 & EUR 13.85 per ounce
12 Feb: USD 15.81, GBP 12.30 & EUR 14.01 per ounce
11 Feb: USD 15.70, GBP 12.16 & EUR 13.88 per ounce
08 Feb: USD 15.78, GBP 12.18 & EUR 13.92 per ounce
07 Feb: USD 15.71, GBP 12.20 & EUR 13.87 per ounce
06 Feb: USD 15.73, GBP 12.15 & EUR 13.82 per ounce

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Mark O'Byrne is executive and research director of www.GoldCore.com which he founded in 2003. GoldCore have become one of the leading gold brokers in the world and have over 4,000 clients in over 40 countries and with over $200 million in assets under management and storage.We offer mass affluent, HNW, UHNW and institutional investors including family offices, gold, silver, platinum and palladium bullion in London, Zurich, Singapore, Hong Kong, Dubai and Perth.
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