The preconception that gold is only for experienced and conservative investors has been refuted. Over the past year, the popularity of the precious metal has grown enormously among millennials and the younger Generation&nbsp;Z, i.e.&nbsp;people born between the late 1980s&nbsp;and the beginning of the millennium. Young people invest mainly in gold jewellery, but they do not see it as a&nbsp;purely aesthetic matter. Jewellery helps them save money in a&nbsp;safe and secure investment.

Young people love gold. They see it as a combination of elegance and safety

Beginning and advanced gold investors must be interested in what happened to the price of gold in 2021&nbsp;and how the fundamentals laid last year will affect the price of the precious metal this year. As usual, the rises and falls in the gold price last year were caused by several important factors. These were mainly concerns about record inflation and rising debt.

Last year, central banks were buying gold in bulk. They keep 13% of their foreign exchange reserves in gold

The US investment bank Goldman&nbsp;Sachs is urging investors to increase their gold investments. It could mean safety for them in a&nbsp;world of uncertain assets. How far will the price of gold rise this year and why is this year a&nbsp;unique investment opportunity? In the following text, we will explain the reason why investing in precious metals this year is not only profitable, but also necessary.

Goldman Sachs: Don´t wait and invest in gold. Rogers expects the longest stock correction

We are at the end of&nbsp;2021, so let us briefly review it. First of all, we would like to thank you for the trust you give our company. The annual increase in the volume of funds invested in gold savings is the highest in the more than ten-year history of our company. The increase in the volume of savings paid as compared to last year, which was also a record year, is almost double.

Gold – security for the next period

In 2022, gold is likely to rise again. This is the prediction of the BlackRock investment fund. It has approximately $9&nbsp;trillion in assets under its management, making the fund one of the largest players in the market. According to BlackRock, the main driver of the precious metal's price growth will be low real interest rates together with Americans' demand for assets protecting their investments from the expected decline in stock prices.

In 2022, gold may return to its growth. Interest rates are to blame

Nowadays, one major theme is resonating among investors. What will the gold price be in&nbsp;2022? Will it rise, stay the same, or fall? Gerald&nbsp;Moser, strategist at Barclays&nbsp;Bank, has also come up with an analysis of the gold price next year, and his predictions are more than interesting.

Gold price could rise by up to 20% next year, says Barclays Bank strategist

Gold – the symbol of security, durability and&nbsp;value – has achieved another major milestone. According to the latest data from the European Central Bank (ECB), it is now the world’s second‑largest reserve asset, surpassing the euro itself.

Blog

Gold Overtakes the Euro to Become the World’s Second Largest Reserve Asset

Young people love gold. They see it as a combination of elegance and safety

Last year, central banks were buying gold in bulk. They keep 13% of their foreign exchange reserves in gold

Goldman Sachs: Don´t wait and invest in gold. Rogers expects the longest stock correction

Gold – security for the next period

In 2022, gold may return to its growth. Interest rates are to blame

Gold price could rise by up to 20% next year, says Barclays Bank strategist

Start saving today!

Build your family wealth and reap the fruits of your investment