Analytics

The country's gold reserve fell to a 23-year low in July this year, according to Malta's central bank. As a result, Malta has little to no yellow metal left to protect its financial stability in the event of a crisis.

Gold has become one of the most talked about assets this year amid the global economy approaching stagflation a la 1970s as inflation rises and economic activity falls.

From the beginning of the year until the end of June, Kuwaiti citizens and residents bought about 9 tons of gold in the form of ingots, coins and jewelry. In value terms, the volume of demand turned out to be the same as for the same period last year.

In July, silver coin and bullion sales reached the second-highest monthly figure on record, namely 2.46 million ounces, up 61.8% from June and 89.3% year-on-year.

Gold has been a valuable item for centuries. There are many reasons why investing in a yellow metal is a smart move. Let's take a look at some of them below.

Silver, like gold, is considered a defensive investment asset in conditions of instability, as well as a traditional inflation hedge instrument. Silver could be in a more privileged position in the near future as industrial demand for it grows.

The London-based research firm is forecasting a year-end decline to $1,650 an ounce, but the rally will resume in 2023.

The Kingdom began to develop the country's largest gold mine amid a general trend of increased mining.

World Gold Council material.

World Gold Council material.