Gravitas | Gold rush: Asia's economic uncertainties fuel record high demand

Why are people rushing to buy gold across Asia? Join us on gravitas as we dive into the latest global economic trends impacting the yellow metal. Discover why gold has become the go-to asset for investors and central banks, from currency devaluation fears to inflation spikes and geopolitical tensions.
#gold #asia #wion
About Channel:
WION The World is One News examines global issues with in-depth analysis. We provide much more than the news of the day. Our aim is to empower people to explore their world. With our Global headquarters in New Delhi, we bring you news on the hour, by the hour. We deliver information that is not biased. We are journalists who are neutral to the core and non-partisan when it comes to world politics. People are tired of biased reportage and we stand for a globalized united world. So for us, the World is truly One.
Please keep discussions on this channel clean and respectful and refrain from using racist or sexist slurs and personal insults.
Subscribe to our channel at goo.gl/JfY3NI
Check out our website: www.wionews.com
Join our WhatsApp Channel: bit.ly/455YOQ0
Connect with us on our social media handles:
Facebook: / wionews
Twitter: / wionews
Follow us on Google News for the latest updates
Zee News:- bit.ly/2Ac5G60
Zee Business:- bit.ly/36vI2xa
DNA India:- bit.ly/2ZDuLRY
WION: bit.ly/3gnDb5J
Zee News Apps: bit.ly/ZeeNewsApps

[@kayhussain8468]

I am not a gold buyer firstly there’s roughly 100 million oz gold mined each year’s roughly 9-12 billion oz on earth From 2008 have been hearing gold will take over unfortunately this is yet the case the day 8 billion people go out to buy gold and silver that will be the day it gets cornered I doubt I will see it in my life time unless hyperinflation world wide of a nuclear war

[@rareearthelement8698]

Money gun and money printer have been going 'Brrrr' for a while now. Tangible assets makes sense. Can't go too far wrong with Gold.

[@kayhussain8468]

Gold is a Asia thing and Middle East recently got married in Africa the long term girl friend of 4 years the wife is from Africa her countries custom was 2 oz gold for marriage

[@SathyaswamyS]

Honestly speaking, I don't get impressed when some poor country hits the headlines as being the fastest growing economy and such. This is because, most of this so called growth is just paper growth with little to no real improvement in an average person's average income and standard of living. Thanks to rapidly growing population, per capita income shows negligible growth. Despite reporting high GDP growth, several of these poor countries don't have any improvement in basic amenities and infrastructure, don't have any major reforms Implemented, can't stop brain drain, sees worsening social order, sees increasing corruption, sees increasing income inequality, poor social security and don't have any plans for sustaining the high growth. Average incomes of the people may increase, but the costs increase faster resulting in negligible improvement in purchasing power or savings. Increase in unexpected costs and weakening currency add further fuel to the fire. There is no improvement in the quality and variety of products and services, education, healthcare and human capital development either. A lot of these countries are destined to get stuck in the middle income trap and face resource shortages and climate change effects as well. Some of them are doomed to face some economic crisis as well. Hence, before getting overhyped about a poor country being the world's fastest growing economy, dig deeper and find out whether these underlying issues are getting solved or not. Mere GDP growth does not make a country developed. It involves solving the underlying problems mentioned above as well. These overly long term economic forecasts by corporates and economic think tanks are ridiculous as well. For an example, people who lived in the US in the 50s or the UAE in the 80s and 90s know what real growth and development is. This real development is not experienced by people who live in these so called fast growing economies.

[@theboywaal]

Buy Bitcoin ditch gold

[@-doctor_ji]

Allah Hu Akbar 🤲

[@rrramos7428]

Bitcoin & Gold !