Economic and political uncertainty has sparked renewed interest in gold as a safe investment. Gold prices have increased 20% since Trump’s election and 95% over five years. Both central banks and individual buyers are turning to gold, with U.S. gold inventories doubling as tons of gold are being transported to New York vaults.
This trend accelerated after Russia’s invasion of Ukraine, when central banks began buying gold at twice the previous rate. While jewelry purchases have decreased, investment in gold bars and coins is up. Experts, including billionaire investor John Paulson, predict gold prices will continue rising significantly through 2028, as people seek stable assets during uncertain times.