This gold price is not permanent.

This gold price is not permanent, but when people think of a problem in the country, they buy gold first. It is good to buy as much as needed, but buying too much is foolish. When there is a famine, the things they buy are food, clothing, and money. If we don't have money, it is difficult to sell gold for urgent needs.

Gold price

Gold market crash history

Will there ever be a situation where gold, which has been rising very, very rapidly in a short period of time, will become a commodity?

Studies on gold say that it may come. If we look at the price of gold over the past 50 years, rather than just 10 or 20 years, it seems that what you are saying has happened.

That is, in September 1980, the price of 1 ounce of gold touched $666. 19 years later, in September

1999, the same 1 ounce of gold was sold for $255. A 62 percent decline. An ounce did not touch $666 again until 2007. That is, 27 years later. Next, in 2012, 1 ounce of gold touched $1,772.

But, in just three years, it fell to $1,062. Eight years later, it again reached its peak during the 2020 Corona period.

The message behind this is that you shouldn't invest all your money in gold just because you expect the price to keep going up. You can invest up to 5 percent of your total investment portfolio in gold.

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