I want to tell you how, whilst not one of us could imagine that a pandemic would strike, there are ways to explain it theoretically and that can act as a compass for professionals and their clients as we try to navigate the choppy waters together. In economics, a large-scale, unexpected, and disruptive event is often referred to as a Black Swan event.
Recently, the gold price broke through the $1600 level for the first time in decades. Increasing concerns about the debt crisis in Europe and a possible crisis in US debt have investors worried about the global economic recovery, while China’s growth figures have dropped for the first time in decades. Is gold a favourable investment in these uncertain times?