Gold and silver are seeing, "really strong demand from investors on the physical metals side," says Mark Yaxley, Managing Director at Strategic Wealth Preservation. "Gold was built for this scenario and this moment in time," as equity and cryptocurrency markets have seen a recent downturn, he tells our Daniela Cambone on this edition of Outlook 2022: The Tipping Point. Yaxley describes gold's demand as, "equal or better than what it was at peak Covid-19 levels from 2020." These current market conditions are proving that bitcoin is not a better store of wealth than gold due to its downside volatility, and he argues, "gold still has the reins in terms of wealth preservation right now." Expect platinum and palladium to appreciate off of the back of a gold bull-market run, Yaxley concludes, as the automobile industry fully recovers out of pandemic territory.
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