For gold bulls, these are frustrating times. In rand terms, gold bumped up a mere 4.1% in 2021, but dropped 4.3% in US dollars. Investors lavished with triple digit returns in cryptos may find this rather unappealing, but gold tends to do well in times of higher inflation, such as is expected in 2022. The Gold Outlook 2022 report from the World Gold Council gives a glimmer of hope to those holding, or planning to acquire, gold in their portfolios.
The council warns that inflation may linger a while longer than expected due to Covid-related supply chain disruptions, tight labour markets resulting in more people leaving their jobs for better paid opportunities, high commodity prices and higher average savings which have contributed to lofty valuations in various financial markets.
Gold is well on its way out and Crypto gaining popularity more than ever, with blockchain tech,now everyone has a chance to eat,unlike those gluttons from the west who have exploited Africa's mineral resources and left it dry for ages! Ethereum Bitcoin altcoins doge akoin
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