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Economists fear a global economic recession. The United Nations has announced the list of countries most likely to be hit by economic recession in 2023. The recent Ukraine-Russia war is said to be the cause of this economic downturn. Most economists blame the high oil prices and the resulting disruption in production. A 35% drop in Ukraine's food production and reduced food supplies are the cause of a possible economic recession. The whole world is going through a bad situation.

Gold has mostly held its head high during economic downturns and famines. In bad economic conditions gold does not lose its value even though people lose their money due to currency inflation. People trust and invest in gold to keep their money safe during global economic downturn. Inflation, on the other hand, devalues ​​currencies, causing the value of gold to rise rather than fall. Gold has the ability to retain its value under any circumstances. Gold remains valuable even when governments are desperate to devalue their currencies. No artificial mechanism is required to bring back the value of gold. It moves with value at its own pace

Those who have invested in gold have nothing to worry about. They are in the right position and many investors are going to join them to invest in gold. Investors are afraid of losing everything from the investment but gold investors are expected to be free from these fears. If we consider gold as a currency then gold is the best of all currencies. Gold doesn't make you lose money like other currencies do. Inflation can halve the value of your hard-earned money and gold makes your money grow even more. So gold is the safe haven for investors and people

We should convert cash into gold if we want to avoid economic recession. Our money cannot be lost due to inflation because it is only our money. Everyone be careful and invest wisely

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