Gold is supported by inflation hedging, central bank demand, and geopolitical risks amid de-dollarization and weak supply.

British investors have been cashing in on surging gold demand as Americans flock to the safe haven following President Donald Trump’s re-election.

Other major central banks also held substantial gold reserves. The role of gold as a central bank reserve diminished after this system collapsed in March of 1973 but it did not disappear.

Plus, gold has maintained its value over centuries, Boston says. This track record explains why central banks worldwide hold over 36,000 metric tons of gold in their vaults.