(PresseBox) (Herisau) . -- Driven by inflation fears, gold sales reached a very high level in the first half of the year.
Not since at least 2009 has investment in gold been as strong as in the first six months of 2021. The gold price had recovered from the flash crash at the beginning of August, but the price of the precious metal has so far been unable to hold above
Gold is a substitute currency. This is also reflected in the actions of countries outside the US dollar and euro area. For they are constantly buying gold. In this way, currency reserves are diversified and a decoupling from the US dollar is further promoted. Similar action can also be seen among institutional investors, as gold adds value to their portfolios. From a seasonal perspective, the coming month of November is also an interesting one. It is, after all, the third best month for the gold price in the hit list, seen over many years. Gold price stocks, for the most part, have not broken out yet, just like the gold price itself. As an example, one could take a look at the share price of the heavyweight
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