Too Long; Didn't Read
With COVID-19 sweeping the world, many wonder what the price of gold will be since it is considered a safe-haven asset. The most influential factor is the growing US budget deficit. The Federal Reserve’s asset purchases are at an all time high, having increased by 41% last month. A new era of gold-backed investing is emerging, with governments even planning to issue their own gold-based cryptocurrency. The author is an employee at Invictus Capital, a modern asset manager, that gives exposure to gold.