The gold rush, despite a crisis in Greece, still isn’t… | BNT Diamonds
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The gold rush, despite a crisis in Greece, still isn’t happening

07 Jul 21

It is expected that the current economic crisis and the impending bankruptcy of the Greek state would prompt investors to seek refuge in safer havens such as gold.

The Greek bankruptcy is approaching: by the end of June the Greek government will no longer be able to pay its debts. Recent reports from European politicians do not show any sign of a positive outcome. Not only the imminent Greek bankruptcy, but also the crippled credibility of the euro zone troubles investors. However, there is no tentative rise in demand for gold: the gold price barely moves, on the contrary, the gold price keeps declining and has been doing so since February this year.

Specialists indicate that many investors are especially worried about the opinion and actions of central banks and its impact on the economy.

The (strong) position of the dollar vs. the euro is making it less attractive for investors outside the US to invest in gold.

Forecasts predict a further decline in the price of gold and silver is also expected to decline in value. Furthermore, platinum and palladium have already declined in value.

There is another crisis-proof haven that can serve as an alternative for these precious metals: Diamond. Learn why investing in diamonds in times of crisis is a very good idea.

Fabienne Rauw
About Fabienne Rauw
BNT Diamonds Antwerp

Fabienne, manager of the German market is able to guide every client with finding the right jewel. She takes care of most of the German orders, but also takes other task on her plate. Thanks to her six years of experience at BNT Diamonds she acquainted well with the product and the marketing around it. Her degree in PR ensures that BNT Diamonds is well presented across all media channels. For anyone looking into a new investment opportunity, Fabienne is the perfect guide in this process. No question will be left unanswered, and she will help you every step of the way.

With this article, BNT Diamonds strives to inform you thoroughly about investing in diamonds. No investment can be guaranteed to be without risk or fully according to your expectations. That is why we recommend to research the risks and aspects of investing in diamond properly to ensure that you make the right choice for your portfolio.