At that time, the price of the precious metal rose by around 16 percent, but the starting point was an extremely low level. This time the price increase started from a much higher level. The seventh consecutive quarterly increase has just been recorded. At the two previous highs of the gold price, the price of gold rose by 2,200 and 760 percent respectively (1980, 2011).

Compared to the gold price, the Covid 19 crisis has hit platinum hard. This has already brought numerous investors to the scene. For example, sales of platinum bars and coins reached a record high in the first quarter of 2020. On an annual basis, purchases were five times higher than every year in the last forty years. China also ordered significantly more in the first quarter of 2020 (834,000 ounces) than in an average quarter (574,000 ounces).

Gold is not only a shiny metal. Right now, it is an excellent investment and a possibility of insurance

The Stone Age ended when man began to work metals such as copper. How exactly this happened can only be guessed. Perhaps it was a coincidence that brought the realization that copper became soft in fire and could be formed into tools, weapons or jewelry. Today, besides copper, gold is also an important material for future technologies.

This is the view of David Smith, senior analyst at Morgan Report, who recently spoke at the online money show. According to Smith, if you have the right ones, you can achieve generational wealth. For in terms of performance, mining stocks outperform gold. And therein could lie the greatest opportunity in decades to make good money.

A deterioration in other asset classes in recent months is also strengthening the price of the precious metal. Currencies and energy prices went down. Not to forget that the global supply of gold is likely to be lower this year due to mining closures. This is because production and logistics problems have particularly affected the mining industry. Moving gold by plane alone was not easy.

Mark Learmonth, Chief Financial Officer and Director of Caledonia Mining recently commented on the gold price in a webinar. He believes a price of 2,000 US dollars is quite possible. But he does not want to see 4,000 US dollars, because "what would the world look like then", said Learmonth, "what catastrophes would befall us “.

The price of uranium has risen by about 37 percent this year. Today, for example, a pound of uranium costs a good US$33, whereas in January it cost just under US$25. The price has thus freed itself from its stagnation phase since the Fukushima disaster. The price increase in 2020 was caused by production cuts by major producers and shutdowns by Covid-19.

In April Turkish gold reserves rose by 32.8 tonnes. Gold now accounts for about 40 per cent of the currency reserves. Serbia and Ecuador also bought in. There were reductions in the euro zone or Kazakhstan, for example. The USA is still in the lead, followed by Germany. The United Arab Emirates also recorded an increase in gold reserves. According to the World Gold Council, the Emirates were the third largest gold buyers on earth in January and February.

Last year, 44 percent more electric cars and also plug-in hybrids were sold in Europe than the year before. In the same period, the figures in China rose by only 3 percent. In global terms, 2.3 million electric vehicles were sold in 2019. This was 9 percent more than in the previous year.