With the world going through massive changes and what seemed stable economies already displaying signs of uncertainty, many investors are left wondering what to do in order to secure their financial assets and make them grow.
After the pandemic crisis and with a war developing in Europe, many of the most strong economies in the world are experimenting high inflation and other economic problems that pose doubts about what will happen in the immediate future and which are the most reliable and profitable ways to invest.
Even though cryptocurrencies seemed to be the best alternative for some time, their current instability is prompting investors to consider alternatives. Precious metals are now emerging as one of the best options to go through the current crisis by securing your assets. Just by analyzing gold price predictions for the next 5 and 10 years, you can get an idea of how optimistic the future looks for this asset.
If you want to know which are the best investments for 2022, keep reading this article to learn about gold price behavior and predictions, and other profitable assets.
Gold price predictions
Expert reviews on gold price predictions for the next 5 and 10 years are optimistic about the future of this precious metal.
It comes as no surprise that gold value is currently going through a constant rise since it is a historically known fact that precious metals are perceived as the safest assets during economic uncertainty.
After the COVID-19 pandemic and with a war on the first world agenda, the American dollar is being affected by devaluation and most of the strongest world economies are experimenting with inflation.
With that scenario setting worldwide, many investors fear a rise in inflation during 2022, with no end in sight. The reason is that what causes inflation is actually in place, so investors do not see how the problem will be solved or reduced soon.
Therefore, the gold price is soaring. Predictions for the next 5 years are talking about its value reaching $3000 or $4000 if the American debt keeps growing and the government persists in printing money.
Additionally, if a colossal market crash arises, which is possible nowadays, the gold price could reach $5000 per ounce during the next five years.
With these predictions, it is quite reasonable to consider gold or other precious metals as a way to keep their assets safe and make them grow.
Furthermore, looking 10 years ahead on gold price predictions, the striking numbers are impossible to ignore. After considering historical records on the gold price, what can be forecasted for the next ten years is that its price can gush as high as 1000%.
Cryptocurrencies forecasts
With the American dollar going through devaluation, many investors are turning to cryptocurrencies to avoid losing the value of their assets.
In fact, many analysts consider cryptocurrencies became attractive because of the lack of confidence in American dollars. Many investors decided to give cryptos a try, which rapidly ended in their price soaring.
One of the main characteristics of cryptocurrencies is that their price fluctuates considerably and while many consider their lack of stability a flaw, traders are quite attracted to it, since it provides the chance to get massive earnings just by trading.
At the beginning of 2020, a Bitcoin coin’s price was $10.000 and a year later soared to $30.000, only to double that price a few months later, reaching $60.000 and dropping considerably in 2022.
With that being said, it can be stated that cryptocurrencies forecast can only predict more fluctuations. Thus, they are a good option for risk-seeking investors who know how to deal with instability and take advantage of it.
Risk tolerance is a key factor for cryptocurrency investors, as well as knowledge. Develop a depth understanding of how cryptos work, how to invest in them safely, and make your assets grow.
To sum up, knowing the best investment in a crisis context is can be critical, not only to make assets grow but also to avoid losing it all. Turning to what has been the safest investment historically can be the right choice to avoid risk. However, making riskier decisions can also provide higher returns. In the end, making the right choice depends a lot on each investor’s situation, knowledge and possibilities to confront a crisis and keep growing through it.