Sharps Pixley, a member of the Degussa Group, has announced a new initiative aimed at promoting the benefits of investing in gold. As Europe’s leading independent precious metals group, Sharps Pixley understands the importance of diversifying investment portfolios with assets such as gold.
According to Giles Maber, Director of Sales at Sharps Pixley, gold prices reached a new high in July due to geopolitical risks and the US monetary policy outlook. This has led to a 10-15% increase in demand for gold among investors, with safe haven demand expected to rise as the US presidential election approaches.
The “Invest in the future today with Sharps Pixley gold” initiative is targeted towards retail investors, with the goal of helping them understand the advantages and disadvantages of investing in gold. As a precious metal often considered a “safe haven” asset, the price of gold has risen by 20% this year and is predicted to continue on an upward trend. Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, believes that this could be the start of a bull market with new record highs.
Heightened geopolitical tensions, volatile financial markets, and uncertain economic conditions have prompted many individuals to reevaluate their investments and seek out alternative ways to safeguard their assets. This sentiment has even been reflected in central banks, which have recorded their highest purchases of gold in recent years. According to the 2024 Central Bank Gold Reserves (CBGR) survey conducted by the World Gold Council, 29% of central banks plan to increase their gold reserves in the next twelve months.
History has shown that in the medium to long-term, the price of gold has only ever gone up. Since the late 1990s, the price of gold has increased from $300 per ounce to $2,400 per ounce today, showcasing its potential as a long-term investment. For those looking to invest in gold for the next generation, education, or retirement, now is the opportune time as gold continues to trend upwards.
More information about Sharps Pixley and their gold investment options can be found at www.sharpspixley.com. For inquiries, individuals can contact info@sharpspixley.com or call +44(0) 207 871 0532.
This news article was distributed by https://pressat.co.uk/.
