Gold has long been regarded as an effective way to protect capital against inflation and economic uncertainty. In recent years, the gold market has gone through significant changes, and forecasts indicate a further rise in the value of this precious metal. In this article, we’ll look at how the price of gold has evolved since 2012, what the predictions are for the future, why it’s worth investing in gold, and who typically chooses this form of capital investment.
Gold Price Changes Since 2012
Since 2012, the price of gold has experienced various fluctuations, but the general trend points to a steady increase in value. In 2015, the price of gold hovered around $1,000 per ounce, while in 2025 it reached a record high of over $3,000 per ounce. This growth has been driven by multiple factors such as geopolitical tensions, economic crises, and increased demand from central banks.
Sources: Bankier.pl, Strefa Inwestorów
Gold Price Forecasts
Analysts predict that the price of gold will continue to rise in the coming years. Goldman Sachs has raised its forecast for the end of 2025 to $3,100 per ounce, pointing to continued demand from central banks. HSBC has also revised its projections, predicting an average gold price of $3,015 per ounce in 2025. These forecasts are based on expectations of ongoing geopolitical tensions and the monetary policies of central banks.
Sources: Bankier.pl, Strefa Inwestorów, Reuters
Why Is It Worth Investing in Gold?
There are several key reasons why investing in gold is attractive:
- Protection Against Inflation: Gold has long been recognized as an effective hedge against the loss of purchasing power. During times of high inflation, the value of gold typically rises, helping investors preserve the real value of their capital.
Source: Ascoin - Safe Haven in Times of Crisis: During periods of economic and political uncertainty, investors often turn to gold as a stable asset. History shows that in times of financial or geopolitical crises, demand for gold increases, which drives up its price.
Sources: Mennica Apart, Ascoin, Bankier.pl - Independence from Financial Systems: Gold is a physical asset that is independent of government or financial institution decisions. Holding gold gives investors a sense of security and control over their wealth.
Source: Bankier.pl - Tax Benefits: In Poland, investing in gold comes with certain tax advantages. The purchase of investment gold is exempt from VAT, and selling it after six months is not subject to capital gains tax.
Source: Mennica Apart
Who Invests in Gold?
Gold investment attracts a variety of investor groups:
- Central Banks: Many central banks around the world are increasing their gold reserves, viewing it as a safeguard against currency and inflation risks.
Sources: Strefa Inwestorów, Bankier.pl - Individual Investors: Private individuals looking for safe capital allocation often choose to buy gold in the form of bars or bullion coins.
Sources: Bankier.pl, Mennica Apart - Investment Funds: Many investment funds include gold in their portfolios as a tool for diversification and protection against financial market fluctuations.
Conclusion
Gold remains an attractive investment asset that offers protection against inflation, stability during times of crisis, and tax benefits. Both historical data and analyst forecasts indicate strong potential for continued growth in the value of this precious metal—making it a worthwhile component of a diversified investment portfolio.
Bibliography
https://mennica.apart.pl/bankwiedzy/wady-i-zalety-inwestowania-w-zloto, https://ascoin.pl/Dlaczego-warto-inwestowac-w-zloto-news-pol-1707132430.html, https://www.bankier.pl/wiadomosc/8-powodow-dla-ktorych-warto-inwestowac-w-zloto-8549568.html, https://www.reuters.com/markets/commodities/goldman-sachs-raises-year-end-gold-price-forecast-3100-2025-02-17/, https://www.reuters.com/markets/commodities/hsbc-raises-gold-price-forecasts-amid-geopolitical-tensions-2025-04-03/
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