Although gold has always been a safe haven, it is mainly in times of crisis that investors turn to the yellow metal.

The year 2022, with its attendant international tensions, was a record year for gold trading and it looks like it's not over yet. According to the experts, 2023 should be a very good year for gold buying, gold selling and for all precious metals.

2022, a record year for the gold price

Internationally, the price of gold has been on the rise in 2022, a so-called record year for gold sales since 1950. As investors turn to buying the yellow metal, so do central banks as a whole, which are boosting sales in this precious metal.

Indeed, in a context of galloping inflation and a historic fall in the dollar, the sale and purchase of gold have been at the centre of financial investments.

Similarly, a period with an unfavourable economic context as well as with a sustainable rise in prices would favour investments in gold. 

Furthermore, it should be noted that most geopolitical conflicts underline the use of physical gold as a "safe haven". It is during these periods that the acquisition of gold in the form of bullion coins or bars is most common.

What future for physical gold in the financial market in 2023?

Although it does not generate annual interest or income, gold has proven its many qualities as a universal currency.  

In times of crisis, buying gold is still the safest investment with good prospects for selling gold.

Even if 2023 is open to record inflation, forecasts for the coming months point to stagnant inflation. Leading experts in the precious metals market are expecting a surge in the quotation of gold. 

The same is true for all precious metals, whose prices fell at the end of last year due to the economic slowdown in China against the backdrop of the Covid epidemic. As soon as the restrictions were lifted in the first days of February, the prices of precious metals started to rise again.

Thus, buying gold can be a sustainable and stable investment.

Therefore, diversifying your portfolio will allow you to secure your savings and protect you from the main risks of inflation.