By Admin 
The world’s two biggest powers, America and China, are face to face. On one hand, America seems to be retreating from global forums, while on the other hand, China is rapidly strengthening its hold. This changing balance of power is going to affect not only politics but also your pocket. The biggest question is that where will gold and silver stand in this conflict and at what height can their prices reach by 2050?
Impact of changing global politics
In recent times, America has started distancing itself from many United Nations agencies and multilateral institutions. Earlier this year, America has announced its withdrawal from 66 global organizations. At the same time, China has intensified its efforts to fill this empty space. In late January, President Xi Jinping hosted the leaders of Canada, Finland and Britain in Beijing and talked about a new global order. This changing balance has forced investors to look towards safer options.
Gold is the first choice for safe investment.
Whenever uncertainty increases in the world, gold is considered the most reliable investment. In every period of inflation, war, currency crisis or economic recession, gold has maintained its price. This is the reason why central banks of countries like India, China and Russia are continuously increasing their gold reserves. Even when the dollar weakens, gold shines brighter.
increasing importance of silver
Silver has often been considered a cheaper option than gold, but now the picture is changing. The use of silver is increasing rapidly not only in jewelery but also in solar panels, electric vehicles and electronics. Due to increasing industrial demand and limited supply, a sharp rise in silver prices is expected in the coming years.
What could be the prices by 2050?
According to estimates, by 2050, the price of 24 carat gold in India may reach around Rs 14 to 15 lakh per 10 grams, if there is an average increase of 10 percent annually. Some estimates go even further and put it as high as Rs 40 lakh, if the growth remains high in the long run. Talking about silver, its price is estimated to reach Rs 3 crore to Rs 5 crore per kg.
What is the reason behind such speed?
There are many reasons behind the increase in the prices of gold and silver. The biggest reason is global inflation and the uncertain situation of the dollar. Apart from this, the pace of mining is slow, while the demand is continuously increasing. The policies of central banks are also playing an important role, because they are increasing trust in precious metals instead of paper currencies.
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