COVID-19 and the subsequent financial crisis triggered a significant increase in the price of gold. The result of this event was a two-fold collapse in demand for the yellow metal in China.
How will it influence us?
Asian investors are very sensitive to high prices, so in such periods they prefer to behave with restraint and do not rush to buy, until the next corrective wave arrives. Thus, the gold market received an additional safety cushion in the form of deferred demand from a whole segment of potential investors. Buying yellow metal on corrections, they will contribute to a stable increase in the price of this precious metal, which will eventually make investments in it more secure.
In addition, it is worth noting that the fall in demand for gold in China itself, did not affect its price in any way. In turn, this means that after the recovery of the Chinese yellow metal market, we will not only get an additional incentive to maintain current price values, but also can count on the continuation of the uptrend, which will make your investment even more profitable.
Protecting the well-being of your family and friends has become even easier! After all, each GLDS token is provided with real gold!
Invest in gold correctly! Together with Gdigit!
