Priyanka Tiwari
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Having gold in your investment portfolio is vital as even the global central bank community considers it important. This was exclaimed by World Gold Council CEO, David Tait during Moneycontrol’s Global Wealth Summit 2025 on 7th March at 2023.
"Due to burgeoning debt through the world, long-term sovereign debt of $76 trillion at the moment… financing that debt will be relevant. One asset class that steps in at that time is gold – no alternative to gold going higher," Tait said.
Tait is convinced that the extensive increment in gold prices will be ratified by continual central bank purchases, especially from developing nations that have been relatively untouched by gold. “In the backdrop of economic uncertainty, they manage their reserves like yourselves,” Tait mentioned.
“1 % of the Chinese insurance market has been opened for investment in gold. While that's not much, there is a possibility. It means that gold can eventually be invested in China which has a 4.8 trillion dollar market,” he stated.
Neglecting gold has put so many portfolios and returns at risk for investors that wanted to remain skeptics, he further added. “Having gold in your portfolio will definitely help mitigate the risk as it is expected to rise with the current global economic situation,” Tait said.
The value of gold has further increased with the precious metal reaching all-time highs and competing well over $2000 an ounce, a gain of 12% since the start of the year. Both silver and gold remained steady in prices on March 6 in watch of US labor reports being released. The price mark saw support renfoursed by dollar index decline, ECB interest rate cuts, and more.
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