Africa is&nbsp;experiencing extraordinary economic events, with the price of&nbsp;physical gold disconnecting from the world market. With only a&nbsp;few weeks left for Nigerians to exchange their banknotes, households in Egypt are eagerly buying gold in an attempt to stave off a&nbsp;sharp drop in the currency's value. The demand for gold and grain there is&nbsp;growing dramatically.

Unexpected events in&nbsp;Africa confirm gold's role as a&nbsp;universal store of&nbsp;value. People secure themselves with gold

According to Bank of&nbsp;America, 2023&nbsp;will be quite an interesting period. They expect US equities to&nbsp;stagnate, while commodities will see a&nbsp;period of growth. What will the next year look like in the context of gold?

Gold in&nbsp;2023: What is ahead of&nbsp;us?

Last year, central banks reported the largest gold purchases in 55&nbsp;years. They love it and have been buying it consistently since&nbsp;2010. Gold acts as a&nbsp;safeguard against the effects of an&nbsp;uncertain geopolitical situation and, more recently, extremely high global inflation.

Record purchases of&nbsp;central banks. They haven't bought so much gold since&nbsp;1967

Gold is generally considered a&nbsp;safe harbour and an investment that pays off to have in your portfolio, not only during a&nbsp;crisis. Now it turned out that the precious metal is not only popular with the Swiss. A&nbsp;nation known for its wealth, safe banks and technical precision has now been overtaken in gold ownership by the Germans and Austrians.

The Germans and Austrians have surpassed even the Swiss in&nbsp;gold ownership. Both the nations see it as a&nbsp;safe protection for their reserves

Central banks are buying gold. Their most important task is to ensure the price stability of&nbsp;their national currency while preventing the collapse of the banking system. Gold is now being used as a&nbsp;weapon against inflation. Their purchases of gold this year are growing at a&nbsp;pace not seen in&nbsp;decades.

Central banks are&nbsp;buying gold as a&nbsp;weapon against inflation

At first glance, it may seem that inflation (e.g. in the USA) is slowly starting to leave us, and its curve in the Czech&nbsp;Republic is at least slowing its growth. At a second glance, however, we can see that it is not only the eurozone that is struggling with rapidly rising inflation, but also, for example, Germany, where the annual inflation rate is holding at&nbsp;10%. Meanwhile, Germany is particularly sensitive to inflation. Moreover, it can be assumed that due to the interconnectedness of the economies, German inflation will soon begin to spill over to us, the domestic market.

Is gold an effective hedge against inflation? What to expect from the strong dollar?

The World&nbsp;Gold&nbsp;Council completed its report on gold supply and demand trends over the past year. The data show that central banks have set a&nbsp;new record for the amount of their purchases. But not only central banks were buying...

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Central banks are rewriting historical highs in the volume of increases in gold reserves, overall global demand for gold is also rising

Unexpected events in Africa confirm gold's role as a universal store of value. People secure themselves with gold

Gold in 2023: What is ahead of us?

Record purchases of central banks. They haven't bought so much gold since 1967

The Germans and Austrians have surpassed even the Swiss in gold ownership. Both the nations see it as a safe protection for their reserves

Central banks are buying gold as a weapon against inflation

Is gold an effective hedge against inflation? What to expect from the strong dollar?

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