In this episode of Finance U, Chris and David Russell from GoldCore discuss the impact of rising global uncertainty on gold prices. David highlights that uncertainty, driven by geopolitical tensions and domestic polarization, is a significant factor influencing gold’s value. He points out that central banks have been early drivers in the recent gold rally, acting out of prudence rather than fear or greed. However, high-net-worth investors are increasingly entering the market, and fear-based investing could become more prominent as geopolitical conflicts escalate, such as tensions in the Middle East and Ukraine.
Additionally, they emphasize the importance of jurisdictional flexibility when investing in gold, noting GoldCore’s global vaults as a safeguard against geopolitical risks. Finally, Chris and David touch on the understated nature of Goldman Sachs’ gold price forecast, suggesting that more is happening beneath the surface than publicly acknowledged, with major buyers in the East influencing market dynamics.
