GOLD Investment - Worth?
Gold has always been considered a safe haven, especially during times of uncertainty. Even though prices are currently high, I still believe investing in gold makes solid sense — in fact, I expect gold prices to rise another 10% or more over the next two years. Here's why: 1. Possibility of a Recession in the U.S. With the possibility of Donald Trump returning to power, many are forecasting increased economic uncertainty. Historically, gold prices surge during recessionary periods due to its status as a "safe asset." 2. Expected RBI Rate Cut The Reserve Bank of India (RBI) is widely expected to announce a third consecutive interest rate cut on Friday, June 6, 2025. If that happens, it will put significant pressure on the Indian Rupee. And when the Rupee weakens, gold — which is dollar-denominated — becomes more expensive and attractive as a hedge. 3. Dollar Strength vs. Rupee Weakness Building on point 2, a stronger U.S. Dollar and weaker Rupee typically create favorable...