🔵Is gold still cheap? Or are we living in a gold bubble without realizing it?
⬅️Gold prices are touching their highest historical levels, and everyone is asking:
Has gold risen too much?
Or are there hidden reasons justifying its continued rise?
🔷Gold now represents 4% of the world's wealth
🔷In the past:
•Gold constituted between 1.5% and 3.5% of global wealth
🔷Today:
•Gold represents about 4% of global wealth
•This is a percentage we haven't seen since the beginning of the last decade
⬅️Is this excessive?
Perhaps not
🔷In an era of declining trust in the dollar
And central banks buying massive amounts of gold
And the escalation of geopolitical crises
⬅️This percentage may be the “new normal”
