The representatives of Mennica Skarbowa, a company listed on the New Connect market of the Warsaw Stock Exchange, forecast an increase in the price of gold above USD 2,800 per ounce later this year. The dynamic increase in the value of gold is influenced by global geopolitical factors, such as the war in Ukraine, the escalating armed conflict in the Middle East and growing uncertainty in financial markets. At the same time, the company is now recording huge interest in buying gold for cryptocurrencies. In the first month alone, several hundred investors have already exchanged cryptocurrencies for gold as part of a new service launched by the company.
Gold, which has been a symbol of stability and permanence for centuries, attracts the attention of both experienced investors and those seeking a safe haven for their capital in times like these. In the face of rising political tensions and global turmoil, gold is gaining prominence as a secure, long-term investment. Unlike traditional assets such as shares or bonds, gold is not directly dependent on the health of individual countries’ economies or stock markets. For years, it has been regarded as a ‘safe haven’ in times of crisis, and investors often turn to gold when other forms of investment begin to lose value.
– We predict that there is a chance of crossing the USD 2,800 per ounce gold price barrier by the end of this year. This scenario is influenced by armed conflicts including, of course, the war in Ukraine but even more so by the escalating conflict in the Middle East. One of the key advantages of gold is its durability and liquidity. Gold can be relatively easily exchanged for commodities in emergency situations and in some cases even used as a means of payment. An example is gold coins, which are recognized as legal tender in many countries and their value is based on their bullion content. As a result, an investment in gold coins not only gives one the security of capital, but also the possibility of using them without difficulties in the future – comments Adam Stroniawski, Proxy and Managing Director of Sales at Mennica Skarbowa.
Observing the situation on the Polish market, Mennica Skarbowa indicates that this year an increasing number of Poles are choosing to buy investment gold. Interest is growing especially in small bars and internationally popular gold coins, such as the Krugerrand, the Vienna Philharmonics or the Canadian Maple Leaf. The prices of these products are tailored to the needs of different investor groups, making it possible for both those with less capital and wealthier customers to successfully invest in this precious bullion. Gold is also attracting the attention of investors who have previously invested their funds in cryptocurrencies. Mennica Skarbowa has observed a significant increase in interest in bullion among people who previously preferred to invest only in digital assets.
– Some of those investors who intend to diversify their investment portfolio are increasingly choosing to move their capital to more traditional and stable forms of investment, which are precious metals. In the first month after launching the new service in our stationary sales network, we have already recorded several hundred transactions of exchanging cryptocurrencies for gold worth several hundred, but also several million PLN. Thanks to the modern technology introduced in our stationary sales network, such a process takes a few minutes. It is no secret that in the near future, we also want to start selling gold for cryptocurrencies online – adds Adam Stroniawski, Proxy and Managing Director of Sales at Mennica Skarbowa.
For centuries, gold has acted as a key resource in the financial system, and its importance in times of crisis cannot be overestimated. Mennica Skarbowa, basing its forecasts on an analysis of the current market situation, predicts that interest in this bullion will continue to grow in the coming months. For those considering investing in gold, the present moment seems to be the right time to make a decision. Buying gold not only protects capital from inflation, but also represents a secure investment for the future that is highly likely to pay dividends in the long term.