In the current situation, gold may be the most profitable investment option. He mentioned this in an interview “Lente.ru” Candidate of Economic Sciences Vladimir Grigoriev.
According to him, investments in gold are generally long-term but quite profitable. Grigoriev announced that the increase in gold prices will continue in Russia and international markets in an environment of economic instability that has intensified due to political conflicts.
“Gold acts as a protective asset. Generally, investors turn to gold when it starts to rise and if you buy it on time, you can increase your savings,” the economist said. He also advised investing wisely in gold and keeping some of the savings in cash. Grigoriev added that the decision to invest in gold should not be postponed.
The price of gold at the New York Mercantile Exchange as of October 5 grew up It rose more than 9% to over $2,000 per ounce due to the worsening situation in the Middle East.
Previously at Sberbank stated About the growing interest of Russians in retail investments.