Gold: The end of the safe haven myth?

Betting on gold today would be a risky bet. It fetched a high price not to mention fears about the future behavior of its price internationally. On the other hand, reselling your gold assets acquired at least two years ago can bring in interesting capital gains.

Traditionally and historically, gold has always attracted Moroccans. “Buy some, to protect yourself against the vagaries of life”, advise our elders. It pays neither interest nor dividends and yet it remains the safe haven par excellence, especially in the long term. And for good reason. Prices are on an upward trend, punctuated by decline, of course, but in the long term, the capital gains to be drawn from it remain appreciable. In the 2000s, the price of a new gram was on average 68 DH, while it is currently around 550 DH and can exceed 600 DH per gram, depending on the model and design. The crisis in Ukraine has turned everything upside down, also upsetting the price of gold in its path, which was around 420 DH per gram, just before (see opposite), ie an increase of 42%.

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