Recently everyone from central banks to individual investors has been buying gold. Its value has been steadily increasing, but it has reached record-high levels. It gained 16.5% value on the year-to-year basis.
What are the most common reasons to invest in gold? Certainly, the most important one is that it has both protective and wealth-preserving characteristics that fiat currencies do not offer.
Why is gold a regular part of Elliot Investment's portfolio? In one part of a detailed Q1 investor letter, a copy of which was obtained and reviewed by, Paul Singer and his partners addressed the current surge in demand for gold, and why its price has reached record-high levels.
