A safe haven security is one that, in periods of instability or uncertainty, has the potential not only to be maintained but also to increase in value, offering greater protection against the volatility and risks that the market offers.

And the year has not started in the best possible way: attacks are taking place in the Red Sea that have forced many commercial shipping companies to change their routes, raising rates by 70%. To this we should add another possible rate cut by the FED and the increase in the purchase of gold by the Central Banks, a situation that leaves gold as one of the main guarantees at present.

In this comparative chart for the fourth quarter of 2023 we see a clear example of this situation: the 10-year US Treasury bond.

The weakness of the dollar has caused investors of all profiles to focus their attention primarily on gold, whose safe-haven value has intensified in recent months.

Gold’s rally in 2024

No precious metal has shone as brightly as gold in the past year. Silver, which is in high industrial demand, rose last quarter by almost 5% thanks to a rise in the manufacturing PMI in China, the metal’s main buyer. Platinum did not have a very good 2023, but by the end of the year it had accumulated gains of 7.5%, showing signs of recovery.

Following the previous chart, this one shows the same comparison between silver, platinum and US Treasury Bonds, with ‘XPT’ for platinum and ‘XAG’ for silver.

At first glance, gold’s growth has been much more pronounced and steady. Precious metals expert at Jupiter AM Ned Naylor-Leyland told Cinco Días that gold has become one of the main risk-free assets. There is no crystal ball that can help us anticipate what will happen in 2024, but it is true that the World Bank’s outlook for global growth is quite pessimistic, with a slowdown this year of 2.4% and 2.7% in 2025.

Against this backdrop, with inflation still high and the weakness of the world’s main currencies, precious metals, especially gold, will continue to be one of the main hedging strategies against inflation. The central banks of Brazil, India, Russia, China and South Africa have increased the pace of gold purchases and their reserves are already very similar to those of the United States, a strategy that they will surely repeat and that could further increase the metal’s value.

In fact, according to a Bank of America report, which has dismissed the correlation between war conflicts and the price of precious metals, gold could reach 2,400 dollars in 2024 if the war between Hamas and Israel escalates even further.

Uncertainty seems to have settled in our lives. The fear of the worsening economic situation has spread among the population, overwhelmed by the possibility of losing their savings, the fruit of so many years of work. At SilverGold Patrimonio we help you to access the precious metals investment market in a simple way. Our consultants will study your case to give you the best solutions according to your budget, your objectives and your profile, build your smart wealth and join the precious metals investment wave!

La entrada Gold in 2024 aims to continue its upward trajectory se publicó primero en Silvergoldpatrimonio.

The purchase of precious metals has always been present in history, although it has not been until the last century when these products have been specially designed for investment. The problem it suffered at first was that its weighting was very high, something that kept it away from the humblest incomes, a problem that has now been solved with a greater variety and in a more accessible way. “The portfolio has always been created with metals as a refuge (…) when you have a physical asset that has an intrinsic value, per se, it is always a small advantage over other types of purchases or assets,” explains López.

It is essential to differentiate between investment on precious metals and on objects containing precious metals. In the latter group we find all types of jewelry, a product whose price is not only determined by the price of the metal, but also by other variables such as the jeweler’s workmanship or taxes, something that does not occur, for example, with ingots, whose value is 100% determined by the metal.

The interviewer asks Javier about the nature of his company, which he answers by linking precisely to the very nature of investment precious metals, which are tangible. “We work with physical metal (…) managing a physical metal involves doing it through commercial contracts (…) When a person buys physical gold he is not buying a financial asset, he is buying a good that has a value, when he sells it it is a capital gain operation on that good”, he explains. In short, the different purchase services offered by SilverGold Patrimonio are physical metal that, as long as the client so desires, the company keeps in custody to speed up future purchase and sale transactions in advantageous situations.

Javier Lopez’s profile, according to George Pizarro

In addition to the gold market, the dialogue turned to trading. The host of the program praised the figure of Lopez, considering him as one of the best traders of IG and considering him as a person who prefers the long term above the rest.

You can read the rest of the interview on IG Spain’s official profile.

La entrada SilverGold Patrimonio CEO discusses about the gold market with George Pizarro se publicó primero en Silvergoldpatrimonio.

A wide variety of businessmen from different sectors gathered there, sharing a single purpose: to improve the business network, boost Andalusia’s economy and contribute to its prosperity. Held to recognize the innovation and excellence of companies in the community, López Milán took the stage to collect the award and thank all those who have worked to obtain such recognition, especially the “suppliers who trusted us from the beginning, clients and the human team”.

SilverGold Patrimonio was born in 2018 with the intention of democratizing the precious metals sector and spreading its knowledge. To do this, the company has created different purchase services that adapts to any person, family and company, so that these can acquire it in the simplest and most comfortable way attending to their different profiles and objectives, a process in which they will be accompanied by expert consultants in the precious metals industry.

These flexible purchase plans have evolved over the years, a sign of the knowledge of the market and the ability to adapt to the needs of the public: the extensive network of consultants has succeeded in this time in satisfying more than 3,100 clients, with a contract renewal rate of 95%.

SilverGold Patrimonio offers experience, diversification, commitment, custody, personalization and quality, essential ingredients to build an intelligent wealth that reinforces the savings of each family and company, the fruit of many years of work.

There is nothing more comfortable than a client satisfied with our services, but this award for Business Growth in the tenth edition of Andalucía Excelente is a reward for the work that each member of the company does and that has allowed us to meet our objectives and get to where we are today.

La entrada SilverGold Patrimonio receives the Andalucía Excelente Crecimiento Empresarial Award se publicó primero en Silvergoldpatrimonio.