Gold’s journey has hit a new milestone, soaring to an all-time high of $2,195 this month.
Gold Reached Record Highs Again
On 8 March, gold made history again when it jumped up as high as $2,195/oz. Analysts are scrambling to update their forecasts, signaling a bullish outlook for 2024.
Billionaires Mark Zuckerburg and Sam Altman Allegedly Buy Gold
Jonathan Rose, CEO of Genesis Gold Group, notes a trend: he says the wealthy, including Mark Zuckerberg and Sam Altman, are increasingly investing in gold for emergency preparedness. Situated in Beverly Hills, Rose says tech moguls to pro athletes are purchasing gold to secure their future.
The Big Number: $3.3 Trillion
That big number is the amount of gold held by investors, according to strategist Nikolaos Panigirtzoglou from JP Morgan. While that number may sound impressive, it only represents about 1.4% of the value of all global investments.
Bitcoin Hits Record Above $73,500
Bitcoin hit a record high on 13 March above $73,500. According to LSEG data, flows of capital into the 10 largest U.S. spot bitcoin exchange-traded funds slowed to a two-week low in the week ending March 8, but still reached almost $2 billion.
Article courtesy of Gold and Silver
