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Macro Mondays #62 - Shelter, liquidity & is it time to buy again?
Macro Mondays
Gold: The Universal Safe Haven
Gold serves as a global asset that transcends borders and cultural experiences. While Western perspectives, particularly in the US and UK, may overlook its importance due to a lack of firsthand experience with economic turmoil, many populations worldwide view gold as a crucial component of wealth preservation against inflation and geopolitical issues. For emerging economies and countries like Germany, gold represents a stable and risk-free currency, whereas paper currencies are considered risky. In China, both central bank purchases and growing retail demand underline the significance of gold in their financial strategy, highlighting its role as a key asset in uncertain economic environments.
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