As Managing Director of Solomon Global, Paul can lean on over 30 years of experience as a Financial Adviser, working with some of the UK's largest financial institutions. He is passionate about providing a bespoke service to investors that focuses on their individual needs, and clarity on the best options available. Paul has followed gold's performance throughout his career and has seen first-hand how it can help preserve wealth and provide consistent growth to a well-balanced investment portfolio.
Gold might seem like a good short-term investment now, but it also has unique, long-term advantages to know.
“Gold breaching the psychologically significant $3,000 level is a direct response to escalating trade tensions and the growing economic uncertainty that this brings. Trump’s latest tariff threat, a potential 200% duty on EU alcohol imports, has sent further shockwaves through global markets, fuelling demand for safe-haven assets,” said Paul Williams, Managing Director of Solomon Global – a specialist supplier of certified gold and silver bars and coins, in a comment to Kitco News.
The gold price has topped $3,000 for the first time as US president Donald Trump's tariff threats send investors fleeing to safe havens. 'Gold breaching the psychologically significant $3,000 level is a direct response to escalating trade tensions and the growing economic uncertainty that this brings,' says Paul Williams, managing director of Solomon Global, a supplier of gold and silver bars and coins. 'Trump's latest tariff threat, a potential 200 per cent duty on EU alcohol imports, has sent further shockwaves through global markets, fuelling demand for safe-haven assets. 'This isn't just a knee-jerk reaction to individual policies; it's investors seeking protection against systemic risk. 'Given the current momentum, gold at $3,500 by summer and $4,500 within the next year are in the realms of possibility. With the Trump tariff turmoil spooking markets once again, gold is being chosen as the ultimate shield against political and economic unpredictability.'
In a world grappling with geopolitical conflicts and economic uncertainty, gold has provided stability and security for investors. The record highs achieved last year reflect not just market conditions but also a broader sentiment of caution and hedging against risk. This context looks set to continue in 2025.
Gold’s record-breaking performance in GBP reflects local and global economic conditions. Gold shone on the global stage throughout 2024, and the factors that led to its stellar performance don’t look to be abating in 2025. As the UK navigates economic challenges, many are turning to the asset as a stable and reliable investment. This trend underscores gold’s enduring appeal as a hedge against uncertainty and a means to safeguard wealth.
The political landscape is changing at a rapid rate throughout Europe and the US. As a recognised safe haven asset, gold provides a buffer against geopolitical instability that might destabilise other asset classes.