Zimbabwe’s Central Bank launched gold coins in July as part of efforts to help curb surging inflation amid a slump in the country’s currency. The move sparked interest in whether gold could serve as a safe haven investment during a market crisis.
Based on Zimbabwe’s development, Blockchain.News recently had a conversation with Collin Plume, the President and CEO of Noble Gold Investments, regarding whether gold could be a safe haven investment that investors should rely on during turmoil times.
The global pandemic raging for over two years has created unemployment, supply chain problems, and more that disrupted economic growth. With the rise of inflation, the US dollar has lost its value and purchasing power. But on the other hand, gold has increased its purchasing power because its value tends to rise with the price of goods.
In light of pandemic worries, rising debts, market downturns, business failures, and mounting inflation…
