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In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
- Alan Greenspan
Gold is back in fashion this year. Economic and geopolitical uncertainty, coupled with low interest rates, continues to fuel demand.
A recent Lead-Lag Report mentioned that gold ETFs have seen their most significant quarterly inflows since 2016. In August, gold price reached its highest level in six years.
To be precise, the amount of gold held by gold-backed ETFs surged to record highs in September. The World