In the context of inflation, the French want to protect their savings in investments with high profitability. For Serge Belinski, investment advisor and founder of the L’Investisseur Français website, gold can be an interesting savings refuge. “In the 1980s in the United States, inflation was between 10% and 17% depending on the year. At that time, the price of gold did not progress. So a priori, it does not there is no obvious correlation, even historically, between the price of gold and inflation.”
According to this expert, it may be wise to allocate part of your savings to the purchase of gold, especially in times of political or economic crisis.
There are several ways to invest in gold:
– By investing in financial products, such as ETCs (Exchange Traded-Commodities). These are stock quotes that follow the price of commodities, here gold.
– By investing in physical investments, in other words bars or coins.
According to Jean-François Chauffeté, founder of EOR (Expertise Optimization Retraites), “for this type of investment, it is a question of hoping for a capital gain in several years. In the case of gold, which continues to rise right now, you have to invest during your life to receive a capital gain thirty years later.”
Investing in gold is therefore a way of freezing a sum of money while hoping for a more or less long-term capital gain. It can sometimes be difficult to resell it and the profitability may not be as high as expected. Before investing your savings in gold, you must therefore find out about its price and consider the risks as well as the advantages.