What is the financial outlook for the gold price in 2023 ?

The 21/11/2022 in "Gold prices"

After a surge in gold prices in 2020, when its price exceeded 2,000 dollars, in the midst of the COVID crisis, the yellow metal experienced a relatively calm year in 2021, with prices even falling slightly.

While 2022 was expected to be a similar year, the outbreak of the Russian-Ukrainian conflict has considerably disrupted forecasts.

In an inflationary context where the economic outlook is alarming and against the backdrop of the energy crisis, all the experts agree that gold will be largely bullish in the months to come.

Gold, a particularly attractive safe haven

The historical study of gold prices clearly shows that the price of the yellow metal soars when the geopolitical context is tense, inflation is on the rise again or when the cost of various energy sources is unstable.

It is clear that at the end of this year, all the ingredients for a rise in gold prices are present. If the war in Ukraine does not seem to have a favourable outcome and the tensions over gas and oil supplies do not ease, inflation will be even higher throughout the western world.

More than ever, gold is the safe haven par excellence. The yellow metal attracts investors who want to make risk-free investments that will protect them from all economic turbulence.

Exempt from all forms of taxation both at the time of purchase and during its conservation, gold is only subject to VAT when it is resold, and even then it is important to stress that this taxation is degressive over the years. Easily transferable and transmissible, gold can also be resold very well by gold buying and selling professionals.

Reselling gold allows you to acquire financial liquidity in a very short time. It therefore allows you to save money without ever depreciating.

Towards a new surge in gold prices in 2023

In the very short term, given the instability of the stock market and the volatility of energy prices, gold is set to become the leading investment for investors.

The security of asset savings represented by the yellow metal is likely to see renewed interest from investors and small savers.

Faced with the threat of an unprecedented stock market crisis and historically low savings account rates, the uncertainty that hangs over life insurance and the new draconian measures applied to old real estate as well as new standards for new buildings, there is no doubt that more and more of you are going to play the security card of buying gold.

An investment in gold which, let's not forget, is not subject to any tax on purchase or conservation.

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