7.30.25 - Why are the BRICS accumulating gold?

7.30.25 - Why are the BRICS accumulating gold?

Gold last traded at $3,275 an ounce. Silver at $37.12 an ounce.

Should you invest in gold?-Yahoo! Finance

Yesterday we wrote about Fidelity calling for $4,000 gold, today it's Goldman Sachs with the same prediction. As these forecasts roll in, gold sits at $3,300, which would mean a $700 increase in five months or less. Call Swiss America today to get in before it does.

Gold's allure has attracted retail investors in their droves and is trading well above $3,000 as the so-called "safe haven" asset has provided stability amid turmoil in the financial markets.

US president Donald Trump's tariff blitz reignited fears of a full-blown trade war, prompting investors to seek refuge in the precious metal. Historically viewed as a hedge during political and financial instability, gold reached an all-time high of $3,500.05 in April.

Rick Kanda, managing director at The Gold Bullion Company, said: "Gold has been the go-to investment for centuries, and it's easy to see why people buy gold. The timeless reliability is why gold remains a favourite for those wanting to protect their wealth, no matter what's happening in the economy.

"It's like a steady friend you can always count on. When currencies take a hit, gold often holds its ground or can even climb higher. This is particularly true when the US dollar, the heavyweight of global trading currencies, starts to wobble."