The world has been in an economic crisis for over two years. And the Russian-Ukrainian war is not helping this already critical situation. Indeed, most assets are now in decline, and inflation is worsening both portfolios and purchasing power.

But there are still some assets that can save us from currency erosion. Gold is one such safe haven asset. In this article, we explain why and how to acquire gold in a secure manner at Godot & Fils.

Why invest in gold during the collapse of the euro?

Gold is the ultimate safe haven asset. Indeed, at the time of writing, the price of an ounce of gold is at its highest point at 1,900 US dollars. And economic forecasts estimate its value to rise as the crisis deepens and the dollar falls.

These two values are negatively correlated, i.e. when the price of one rises, the price of the other falls and vice versa. The euro/dollar pair has fallen sharply in recent months. It is currently at 1.09. This compares with 1.2 in June 2021. This pair is causing the euro to fall in its wake.

In short, all holders of euro-denominated assets are doubly penalised by the fall in their stock market value on the one hand and by inflation on the other. Investing in gold is still one of the few ways to escape the crisis. But how to invest in the precious metal?

Godot & Fils: investing in gold with peace of mind

Godot & Fils is one of the oldest French trading companies in precious metals (gold and silver). Since 1933, we have been offering our customers the opportunity to buy or sell gold at the market price. We offer gold in all its most common forms:

• The ingot (1kg) ;
• Ingots (500g, 250g, 100g, 50g, 20g, 10g and 5g);
• The Napoleon ;
• Swiss cross;
• The 50 pésos ;
• Krugerrand ;
• 20 US dollars.... ;

We can deliver your gold safely to your home or store it in our safes outside the banking circuit thanks to our GardienOr service.

If you have any questions or require assistance with your investments in precious metals, do not hesitate to contact our customer service department on 0800 119 119 (free calls).