Gold is ‘the ultimate currency in a crisis.’ Does that mean you should buy?
Global News
With gold prices continuing to break records, experts explain what's going on and whether now is the time to jump on the new 'gold rush.'
The price of gold continues to rise, with the gleaming metal again catching investor attention around the world over recent weeks. But what’s fuelling the new “gold rush?”
The value of gold has been rising since the pandemic, and especially within the past few months, when it set a new record on several occasions.
On Oct. 7, the main gold futures price went above US$4,000 an ounce for the first time, and reached an all-time high of roughly $4,380 on Oct. 20. As of publication, the price was hovering around $4,130.
So far in 2025, gold futures have grown in value by about 60 per cent and that may leave some wondering if now is the time to buy.
“There is something of a gold rush on at the moment. Gold, in the fall of 2025, is the best performing asset class of the year by far, alongside other precious metals like silver and platinum,” says Adrian Ash, director of research at gold buying and selling platform BullionVault.
“A physical lump of rare precious metal acts as currency that doesn’t rely on any government survival or any regime or jurisdictions or legal permanence and continuity for it to hold value.”
Ash goes on to say gold is “the ultimate currency in a crisis,” and how in recent weeks, “we are looking at a real kind of ‘crisis’ sized move into gold by investors.”
So what’s driving the value right now?
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