Things that happens now in the gold market a year ago seemed something incredible.
Due to unprecedented sanctions and the deteriorating economic situation, Russian investors purchased a record number of gold investment products.
According to statistics, about 60 tons of physical gold were bought in 2022!!! For comparison, in 2021, the Russians purchased only 6 tons.
The choice of gold as a defensive asset fully justified itself. In early January the price of the precious metal exceeded $1,900 per ounce.
Thus, the precious metal provided a powerful anti-crisis shield for capital preservation and became the most effective financial solution for investors!