Gold's Bull Case Remains Intact Despite Recent Pullback, Says The Royal Mint
The Royal Mint's private wealth consultant Stuart O'Reilly says gold's bull case remains intact despite its recent pullback from record highs. According to O'Reilly, geopolitical tensions, shifting global alliances, and sustained central bank buying since Russia's invasion of Ukraine are still driving demand for the precious metal.
Central banks, he notes, increasingly treat gold as a political hedge in uncertain times. This shift is evident in their continued buying, which has helped support the market even after the recent price decline.
O'Reilly also highlights the growing interest in physical gold among younger investors and women, who are turning to it as a safe-haven asset alongside industry moves toward recycled gold and stronger provenance standards.
Giving an overview of gold's role in a portfolio, O'Reilly notes that it serves three key functions: diversification, liquidity, and long-term returns. He also explains the vaulting options available to investors holding physical bullion.