Gold is one of the best-performing asset classes, if not the best, in the last 50 years.

The current gold's rally is an important breakout and gold will work its way higher.

Once gold breaks out and moves to new highs, it generally runs for a while.

Gold prices can hold steady and move higher.

Gold price is below production costs now.

Gold stocks have lagged in part because production costs have gone up 35% since early 2020, mainly due to higher labor costs. This is one reason why gold stocks are unlikely to hit their old highs unless gold moves a lot higher. But if the gold price rally simply continues, the miners will join in and rally.

If gold prices persist, gold stocks will have a good move, because they are not pricing in the increase in the price of gold.

Gold prices are soaring and the mining stocks are just starting to catch up.

New Highs Next Week Could See Gold at 2,348

The Reserve Bank of India (RBI) stood out with its continued accumulation of gold reserves. Weekly data from the RBI revealed a 6-tonne increase in gold holdings in February alone.

This brings the total year-to-date buying by the RBI to over 13 tonnes, with total gold reserves now reaching 817 tonnes.

Barrick Gold Corporation (NYSE:GOLD) shares are trading higher Friday, and the stock has gained more than 7% over the past five days.

Unlike paper currencies, gold has intrinsic value as it is a rare commodity that is difficult to extract. It also has multiple economic uses, in electronics, dentistry, medical tools, and the defense, aerospace, and automotive sectors.

Even after nearly 18 months of buying, China's gold reserves account for roughly 4% of the PBC's total reserves. That figure is well below the reserve threshold by the central banks of developed countries.

The World Gold Council analyst expects central banks' gold purchases to continue for several years.

China's central bank now holds roughly 2,257 tons of gold in its vaults.

In January and February alone, the PBC increased its gold reserves by 22 tons.

The People's Bank of China has been adding to its gold reserves for the past 16 months in a row, according to the World Gold Council. In 2023, the PBC bought more gold than all other central banks.

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Top 5 reasons for gold, silver price rally:

Those 5 reasons are the bets of the US Fed rate cut, rising geo-political risk, aggressive buying by China, uncertainties ahead of general elections in major economies, and depreciating all fiat currencies.

Nine experts, or 75%, expected to see gold prices climb even higher next week, while only one analyst, representing a paltry 8%, predicted a price decline. The remaining two experts, or 17%, said headwinds and tailwinds were too close to call next week.

The Reserve Bank of Zimbabwe announced that on April 8, the government will launch a new currency backed in part by gold.

Between 2000 and 2022, a gold investment would have yielded over 500% return versus the S&P at 300% return 😁😁😁

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Jewellers are heaving a sigh of relief as the High-Value Goods Tax (HVGT) has been deferred, even if only temporarily. The government announced on Thursday (March 28) that the plan to implement the HVGT from May 1 has been indefinitely shelved as the Finance Ministry had not presented the Bill in Parliament yet.

😴

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On a long term basis, gold is always a 100% sure winner !!! 😄😄😄

It’s a long-term store of value. You should have at least 10% of your portfolio in gold.

Gold is one of the best-performing asset classes, if not the best, in the last 50 years.

Between 1971 and 2022, gold had average annual returns of 7.78%.

Between 2000 and 2022, a gold investment would have yielded over 500% return versus the S&P at 300%

In years when inflation was between 2%-5%, gold’s price increased 8% per year on average.

Gold’s long-term return is comparable to equities and higher than bonds. Gold has also outperformed many other major asset classes over the past 3, 5, 10 and 20 years.

On a long term basis, the future value of gold always go up. So, the margin of safety of gold's appreciation is 100% ! 😊😊😊

The best commodity to invest is GOLD because on a long term basis GOLD always goes UP while all fiat currencies always go down to ZERO.

By investing in gold now, you're making a strategic move to safeguard your assets against the erosive effects of inflation while working toward long-term wealth preservation.

Gold helps to preserve wealth during inflationary periods.

While gold prices can experience short-term fluctuations, the value tends to grow steadily over time.

Gold can be used to diversify your portfolio.

Gold is a stable store of wealth.

Gold can act as a shelter during economic uncertainty.

Gold can help to protect your wealth when inflation impacts the value of traditional currencies.

Gold helps to counteract the risk of losses to your portfolio from more volatile investments, like stocks.

If you've been considering a gold investment, it makes sense to add some of the precious metal to your portfolio now. After all, gold offers a number of unique benefits to investors, many of which are incredibly relevant in today's economic environment.

Fed boss Jerome Powell said it would likely be appropriate to cut borrowing costs "at some point this year.

Gold outperformed most currencies on average terms every year since 2001.