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The new gold boom: how long can it last?

Periods of inflation have often boosted the precious metal. This time it is also being bought by central banks worried about geopolitical risk

©The Financial Times Limited 2020 May 24, 2023 / 11:22 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.
The new gold boom: how long can it last?

The rush to gold by the global elite is being mirrored by emerging market central banks.

Harry Dempsey and Leslie Hook in London In a high-security vault in London’s Mayfair, where the glass is thick enough to resist automatic gunfire and four control rooms keep watch around the clock, some of the world’s wealthiest individuals have been rushing to store gold. The small safes inside, which cost as much as £12,000 annually, are set to be full by the end of the year as clients resort to securing more hard assets, a sign of the troubled times. Clients...

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