Analysts Predicting Gold Will Outshine Cryptocurrencies and Equities in 2023
Recently, the opinion of an experienced market strategist has been making waves. According to the strategist, gold will be the top performer of 2023, outperforming cryptocurrencies and equities.
This prediction may come as a surprise to many considering some of the more popular opinions which place cryptocurrencies at the top.
Despite the dubious nature of the prediction, there are good reasons why gold could eventually become the top performer of 2023 as the strategist suggests.
Reasons To Bet on Gold in 2023
- Provides a hedge against inflation: Gold traditionally serves as a hedge against the fluctuations of the currency. Especially in times of low or negative interest rates, which could be the case in 2023, gold may be of great value.
- Apple of investment: Gold has served as the apple of investment in many civilizations over the centuries and many investors still prefer to keep gold in their portfolio. This may be more so in 2023 when the confidence in cryptocurrencies may be waning.
- Prudent investment for many: While some investors may be attracted to the potential of high returns on cryptocurrencies, others may decide to opt for gold – a safer, more flexible, and more liquid option.
Conclusion
It is too soon to tell whether or not the strategist’s prediction will come true, but it is an interesting thought. Those looking for the best way to invest their dollars in 2023 will have an interesting decision ahead.
But at the moment, many are just wondering why a market strategist would make such an outrageous prophecy for the future. Who knows, maybe he has a crystal ball up his sleeve!
