73% of French people consider gold as a safe haven according to the survey conducted in 2019 by OpinionWay for AuCoffre. In the face of uncertainties, the demand for buying gold is increasing and the Covid-19 crisis is no exception. Fears over the scale of the pandemic propelled the price of gold to its all-time high on July 27 at $ 1944.71 per ounce. Or more than 67,000 euros per kilo.
If we compare the evolution of gold prices to the CAC 40 GR index, that is to say the index which takes into account dividends reinvested in shares, we see that first half of the year, the ounce of gold gained 16.4%. At the same time, the benchmark index of the Paris Bourse lost 17%. Over the longer term, the price of gold is maintained just like the real estate price index. Gold plays its role of safe haven in the sense that it follows trends uncorrelated from those of the stock markets.
Since the 1970s, the price of gold has only increased. Of the last twenty
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