In recent years, the price of gold has climbed steadily. Aside from the current market blip (see chart below), an upward trend has been going for years. Since 2020, the price of gold has risen from $1,585 per ounce to more than $4,500 per ounce. Money should not lose value through inflation. Ideally, it should grow on its own because of interest. But such investments are looking less promising right now, as central bank interest rates are relatively low. As a result, investors seek a safe place to park their wealth — and precious metals are one option they turn to. Increased demand naturally pushes up prices. ... (full story)