Name: Why gold holds so much appeal in uncertain times
Uploaded: 2025-10-22T05:38:56.890Z
Duration: 1 min 40 s
Description: As the price of gold continues to climb people are scrambling to cash in. Michelle Ghoussoub reports on the latest gold rush and the reasons why the value just keeps climbing.

As the price of gold continues to climb people are scrambling to cash in. Michelle Ghoussoub reports on the latest gold rush and the reasons why the value just keeps climbing.

Ottawa

A Vancouver gold buyer has reported a significant increase in daily customers, with numbers more than doubling as gold prices reach new highs. The rise in gold's value has prompted both individuals and central banks to invest heavily in the precious metal, seeking stability amid ongoing global economic uncertainty.

While individuals are selling gold items to take advantage of the high prices, central banks are making large-scale purchases, which is a key factor driving up the market. Silver prices are also climbing, with some investors speculating on further gains, reflecting a broader trend of seeking security in tangible assets.

Why gold holds so much appeal in uncertain times

It's a busy morning at Canada Gold, a Vancouver gold buyer that normally sees around 40 clients daily. These days it's not unusual to see 90 or more. Yes, sheer amount of customers honestly I mean I've been even like helping on desk and that's not a not a common thing. Buyers and sellers here are keen to cash in on sky-high gold prices that have been rising steadily for a year. If you were to sell something even a couple weeks ago you're gonna be making even more now and people with it continue to go up they are you know selling some of those items just like sitting in drawers. So what's behind this modern gold rush? Gold and silver have been over generations over millennia being the go-to for storing value and and wealth over time in times of uncertainty. That age-old logic alive and well today through unprecedented tariffs and global conflict. But it's not just small-time buyers and sellers making moves. It's central banks and and they are actually purchasing gold in the billions of dollars and that is really what's driving up the price and not individuals who are looking for safe havens for their savings. As banks and people park their wealth in solid assets the price of silver is climbing too. I'm selling it right now to actually trade with silver and I think silver is the next great commodity and I've been hearing rumours that it's going to go up to like five hundred dollars an ounce. Trying to stay ahead and predict where prices could go next as rock wins over paper. Michelle Ghassoob, CBC News, Vancouver.

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