Croats have been investing in gold since Coron crisis, and who has invested at the time of the winning 50 percent today
In recent years, the price of gold is rising constantly, and a few days ago the price for the ounce has broken through the $ 3,000 border, thus breaking all records of the past decades. In the past year alone, the price of gold has increased by almost 40 percent, with significant demand. Namely, people are inclined to invest in golden times in the unstable geopolitical times, believing that, unlike money, gold will not lose value. If we add to this inflation in our country and that the money that many have on banks is simply not worth the same as two years ago, it is clear why many have recognized many gold in Croatia as a good investment.
– It all started with the epidemic of coronavirus, then the war in Ukraine and Israel followed, and the value of gold increases when crises are. We do not deal with investment gold, only jewelry and sales are going well. According to what colleagues who deal with investment gold say, they have been drastically improved with the sales results, buying gold as investments has jumped. Of course, people see that the price of gold is constantly increasing and considering it a great investment, although no one can predict the price of gold in the future, but so with every investment – says Ivan Djonlic, Director of Zlataica Djonlic in Split, adding that people come and sell.
– Someone who had been bought or had a certain amount of gold five or six years ago, today can earn 50 percent more on it, so it is certainly worth it to sell and sell. It's the same with jewelry in the purchase, it's the same price. Over a few years, traffic really increased, five to ten years ago, investment gold could not have been bought so simple. Ever since we have been in the European Union, we have had positive regulations, for example, no VAT on investment gold. I would say that everything together is positive because people have recognized gold as an investment. Even if they buy jewelry, they are aware that its price will grow, so they can always sell it if the life situation is looking for it – Djonlic concludes.
Other jewelry owners are confirmed by the demand for gold from year to year.
– The price of gold rises, and the cause of this is the whole geopolitical situation, as is the situation in the world economy. All this affects that people invest in gold, see a certain stability and security for the future. The demand is higher, so the offer is greater and more diverse. The interest is greater, and for tiles, gold coins, levers, we have everything on offer – says the owner of Zlataria in Split, adding that it is evident that people realize that the money they have simply loses value.
– We also expect further prices growth. Some stable average is three to four percent growth. Sometimes it falls a little, but mostly grows. According to my experience, there are currently fewer those who sell. This was mostly at the time of the great recession 15 years ago. Currently, it is more purchased than sales, and why sell it at this point is difficult to speak, it is someone's private economic situation – the Split jeweler tells us.
Increasing the price of gold in the world market caused, as we said, great demand. However, this does not apply to ordinary people, but to the central banks of numerous countries and investors. For example, in February, the fourth month in a row, China bought large gold supplies.
Croatia, however, bought gold supplies in 2023, 1,75 tons that cost around 96 million euros. Prior to that moment, Croatia was 18 years without a valuable metal because the CNB sold gold in 2005 at the time when Governor Zeljko Rohatinski managed the institution. These are 15 tons of gold that Croatia received after the breakup of Yugoslavia.
As for « ordinary » people, they are most investing in relatively smaller quantities. Thus, one, two or five grams of investment gold plants can be bought, and ducats and gold coins such as a gold coin of five kunas, which costs 2200 euros, are also offered. There are also various sets and levers on offer, which ranges the price from five to more than 90,000 euros.
