the Consumer Price Index (CPI) is the barometer of inflation. When the purchasing power of fiat currencies (euro, dollar) decreases, physical gold acts as a real store of value. In this section, we analyse how gold tends to appreciate during periods of high inflation, protecting capital from the nominal loss of value of legal tender
gold is the only safe-haven asset that does not represent someone else’s debt. During periods of geopolitical uncertainty, conflict or banking-system instability, the market seeks refuge in physical metal. We analyse the Global Uncertainty Index to explain how gold reacts to systemic risks: while equity markets may be volatile, gold acts as a safe-haven asset, stabilising portfolios in times of crisis.
central banks around the world are the largest holders of gold. Monitoring their net purchases is a crucial indicator: if monetary institutions increase their gold reserves, they confirm their trust in the metal as a pillar of long-term financial stability. In this section, we present institutional purchasing flows to offer clients a macroeconomic view of the sector’s strength.
Arquitech – United Kingdom
Tesora International – USA
