TLDR Why It Feels Harder to Get Ahead in 2025
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Feb 26, 2025 Millennials today have more wealth than their parents but feel less secure due to soaring living costs, especially in housing. Gold shines as a top investment this year, fueled by interest rates and central bank strategies. Meanwhile, Canadians are enjoying bragging rights over egg prices, contrasting sharply with the U.S. market. The podcast also tackles Canada's unique supply management in agriculture and the impacts of recent child care reforms on economic stability. It’s a rollercoaster of insights about the financial landscape in 2025.
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Gold's Performance
- Gold is the best-performing asset class of 2025, outperforming stocks and Bitcoin.
- It has seen a 10% gain since January 1st and a 50% surge in the past year.
Gold Market Composition
- Roughly half of gold demand is for jewelry, while central banks and individuals each account for about 25%.
- Individuals invest in gold bars or gold-backed funds like ETFs.
Reasons for Gold Rally
- Lower interest rates decrease the appeal of cash, driving investors towards gold.
- Central banks, especially those affected by the Ukraine-Russia war, are buying gold.