Tell Me Why gold still matters in a changing financial world

Gold's enduring significance stems from its capacity to maintain value over time, across borders and economic systems. Dr Fahmi Iskander, Chief Investment Officer at OGold, discusses the precious metal's role in wealth preservation on the Gulf News podcast. Iskander distinguishes between merely saving currency and truly preserving purchasing power, emphasizing that inflation can diminish the real worth of cash over time.

He attributes gold's time-tested resilience to its inherent worth, which is not dependent on government declarations. "Gold doesn't need a government to tell you what it's worth," he explains, noting its role in global economies for millennia. The podcast host delves into behavioral factors that can cloud investment judgment. People often buy assets once they have appreciated and sell them upon a decline, believing they know when to act.

Iskander cautions that emotions such as fear and greed can lead to poor investment choices, urging investors to temper their reactions. Education and technology play crucial roles in enhancing investment decisions, according to Iskander. He underscores the importance of diversifying portfolios, suggesting that gold can serve as a safeguard against uncertainty.

"Gold is insurance," he declares, likening it to a shield against unpredictable market shifts. The accessibility of precious metals has been revolutionized through platforms like OGold, which enable investments starting from just Dh1. Iskander believes that this democratization of investment can foster greater financial awareness.

By starting with a modest investment, individuals can learn about inflation, purchasing power, and asset performance. Iskander argues that financial security is not solely about accumulating wealth but preserving its value. He concludes with a reminder about the difference between confidence and certainty: "Never confuse confidence with certainty."

In a world characterized by volatile markets, geopolitical tensions, and technological advancements, understanding risk, maintaining a diversified portfolio, and continuously learning remain paramount for investors.