Prime Minister's Advisor: Government Bonds Are A Better Investment Option Than Gold
Buratha News Agency1862025-04-25 The Prime Minister's advisor, Mazhar Mohammed Saleh, confirmed on Friday that sovereign government bonds are available for investment through banking institutions, calling for diversifying investment portfolios by investing in government bonds instead of gold, as "local gold is one of the wealth havens most affected by external or international factors and their shocks, as it is a commodity imported from gold vaults outside the country,
as the global price of gold exceeded the $3,200 per ounce barrier in April 2025, affected by geopolitical tensions, especially between the United States and China, or the so-called trade war issue represented by the escalation of the mutual tariff war between various countries of the world and its direct and indirect effects on inflation trends and expectations in the global economy."
He added, "This coincided with indicators of the oil asset cycle, the downward trend in global oil prices, and the increasing demand for the yellow metal by central banks and investors seeking a safe haven for wealth around the world, as gold is undoubtedly the best store of value."
He noted that "the price of gold, which has witnessed a significant and continuous rise, despite its fluctuations towards the decline, has maintained its high price. For example, the price of one ounce on April 17, 2025, reached approximately $3,321.89, after previously reaching a new record high of $3,357.40 per ounce."
Saleh explained that "the opening of the local gold market to the global market and the impact of the global price of gold on our country's supply has become an immediate reflexive issue. Until the local gold market stabilizes again, it may take a real period of time to adapt again."
He pointed out that "the short-term jumps in gold prices cast a shadow over the tendencies of individuals in our country and the behavior of some to hedge by investing in the yellow metal."
He continued: "Demand for gold in Iraq is a traditional means of preserving value, which leads to its purchase as a normal hedge, especially for those with cash surpluses, with the aim of profiting from the external price factors affecting the fluctuations in the international economy, and the impact of this on the level of global prices, and the repercussions of this on thinking about re-diversifying the wealth portfolios of some of them, or according to their beliefs and traditions in investing, preserving the value of their personal financial wealth, or speculating."
Saleh pointed out that "if the goal of importing is a safe investment, it is preferable to monitor global and local markets to make informed decisions, and to proceed with the proper diversification of their investment portfolios and not rely entirely on a single investment vehicle to preserve value, since gold is also subject to decline.
It is also preferable to consider other national investment options to diversify their investment portfolios, especially investing in interest-bearing sovereign government bonds currently offered to investors through the Iraqi banking system." https://burathanews.com/arabic/economic/459247