After starting the year 2021 trading above $1,900, gold ended the year nearly 4% lower. gold storeofvalue cryptocurrency
The CEO of a Canada-headquartered gold mining company, Mark Bristow, has insisted that gold currently has little downside risk. He also highlighted the precious nature of the metal and how it is a better alternative store of value than cryptocurrencies.Mark Bristow, the CEO of Canada-based Barrick Gold Corp., recently argued that gold has little downside risk and investors seeking to hedge against inflation will pick the precious metal over cryptocurrencies, a report has said.
Look at gold and its precious nature — you can’t print it and you can’t make it. You can make cryptocurrencies, and there are many of them. When you’re in a dynamic phase like we’re in now and the world’s uncertain, it’s always good for gold. Still, despite Bristow’s optimistic views, the price of gold has averaged below $1,850 since the start of 2022, a figure that is more than $200 less than the metal’s all-time high price of over $2,070, seen in August 2020.
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