The Future of Gold: Next 30 Years For Gold

Gold 2048: The Next 30 Years For Gold

Gold 2048 is an interesting and comprehensive new report from the World Gold Council which brings together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.

Key insights from authors such as George Magnus, senior economist; Rick Lacaille, Global Chief Investment Officer of State Street Global Advisors; and Michelle Ash, Chief Innovation Officer at Barrick Gold include:

  • What does the future hold for gold?
  • "Gold will be a refuge for people in times of crisis as it has always been" - Magnus
  • The expanding middle class in China and India, combined with broader economic growth, will have a significant impact on gold demand.
  • Use of gold across energy, healthcare and technology is changing rapidly. Gold’s position as a material of choice is expected to continue and evolve over the coming decades.
  • Mobile apps for gold investment, which allow individuals to buy, sell, invest and gift gold will develop rapidly in India and China.
  • Environmental, social and governance issues will play an increasing role in re-shaping mining production methods.
  • The gold mining industry will have to grapple with the challenge of producing similar levels of gold over the next 30 years to match the volume it has historically delivered.

 

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold 2048 full report and related reports are published by the World Gold Council (May, 2018) and available to subscribers here

 

News and Commentary

Gold prices steady on weaker dollar (Reuters.com)

Spec Funds Exit Gold Amid Strong Dollar and Lack of Fear (Bloomberg.com)

Gold Prices Drift Lower as Global Trade Remains in Focus (Investing.com)

Stocks and dollar rise as U.S.-China trade war put ‘on hold’ (Reuters.com)

U.S. economy given boost from factories even as housing cooled in April: Chicago Fed (MarketWatch.com)


Source: Coinnews.net

Perth Mint Gold and Silver Bullion Sales Retreat in April (CoinNews.net)

Gold promotions impede exposure of manipulation (SmartKnowledgeu.com)

Corporate Bonds Sink Fast in One of Worst Tumbles Since 2000 (Bloomberg.com)

As Brent Oil Reaches $80. The Big Rally Is in Forward Prices (Bloomberg.com)

Best-case scenario is the U.S. trade gap with China will get worse (MarketWatch.com)

 

Listen on SoundCloud , Blubrry & iTunesWatch on YouTube below

Gold Prices (LBMA AM)

21 May: USD 1,285.85, GBP 959.24 & EUR 1,095.67 per ounce
18 May: USD 1,287.20, GBP 954.20 & EUR 1,091.16 per ounce
17 May: USD 1,288.85, GBP 952.07 & EUR 1,090.50 per ounce
16 May: USD 1,291.75, GBP 958.61 & EUR 1,093.60 per ounce
15 May: USD 1,310.05, GBP 966.42 & EUR 1,098.35 per ounce
14 May: USD 1,320.70, GBP 972.30 & EUR 1,101.86 per ounce
11 May: USD 1,324.80, GBP 978.23 & EUR 1,110.45 per ounce

Silver Prices (LBMA)

21 May: USD 16.34, GBP 12.19 & EUR 13.91 per ounce
18 May: USD 16.39, GBP 12.16 & EUR 13.92 per ounce
17 May: USD 16.39, GBP 12.14 & EUR 13.90 per ounce
16 May: USD 16.26, GBP 12.07 & EUR 13.79 per ounce
15 May: USD 16.41, GBP 12.12 & EUR 13.77 per ounce
14 May: USD 16.65, GBP 12.25 & EUR 13.89 per ounce
11 May: USD 16.76, GBP 12.35 & EUR 14.04 per ounce


Recent Market Updates

- Beware "Snollygosters" and the Empty Promises of Pathological Politicians
- US 10-Year Surges, Emerging Markets Implode…Where Next for Gold?
- Welsh Gold Being Hyped Due To The Royal Wedding?
- Oil Price Is Going To Keep Rising And Inflation Is Coming
- Gold Price Manipulation – A Comprehensive Guide By James Rickards
- EU ‘Nightmare Scenario’ As Popular Anti-Euro and Anti-EU Government Takes Power In Italy
- “Oil price highest in 3 years, gold ready to follow”, by Daniel March
- Gold Mining Supply Globally Looks Set To Decline
- Gold Bullion Demand In Iran May Surge On Trump Sanctions
- “Money Is Gold — and Nothing Else”
- U.K. Home Prices Plunge 3.1% In April – Largest Monthly Drop Since Financial Crisis In 2011
- Weekly Gold Update – Gold In Dollars Lower Despite Poor US Jobs and Other Data
- Own Some Gold and Avoid Overvalued Assets

Comments

Oldguy05 Pearson365 Tue, 05/22/2018 - 22:27 Permalink

Buy gold!...and store it someplace you'll never be able to get to in order to take posession.

The App store says it's legit!

edit: As an oldguy, I used to ponder what the hell an app was.....

Oh, you mean a program?

Yep, pretty much.

 

Lightwave 3D!  Morph Plus!  Video Toaster!  Adobe Premiere!  etc. etc. It's not new.

In reply to by Pearson365

exartizo Tue, 05/22/2018 - 13:08 Permalink

WRONG PERPETUAL GOLD PUMPER.

Gold has been supplanted by CRYPTOCURRENCIES as the next refuge for money after the collapse of fiat.

GET USED TO IT.

exartizo oddjob Tue, 05/22/2018 - 14:30 Permalink

...and you likely suffer from a case of bullheaded stupidity. You'll find too little too late by the time you figure out that the definition of money, whether you like it or not, has already changed. Just because you don't understand how or why doesn't mean that is not true. Spend some time and think about it and perhaps you'll gain some profitable enlightenment. But possibly not.

In reply to by oddjob

cpnscarlet exartizo Tue, 05/22/2018 - 14:12 Permalink

Let's get down to brass tacks -

One bad solar flare and there are no cryptos left. One bad solar flare and gold is still gold. This isn't about particulars. This is about universal truths - and gold is damn-near eternal.

Cryptos are just another system "backed by nothing". So, are you for perpetuating that type of system? Fine - make lots of currency on lies...just like all the others. I'll stick to impoverished truth. See you on judgement day.

In reply to by exartizo

cpnscarlet exartizo Tue, 05/22/2018 - 14:40 Permalink

And yours are fogged-up. Nuclear war? No...we can work to avoid that. There will always be a "bad day" when something happens you can't avoid and there is no way to control the effect. But when the war happens, when the currency collapses, when the mob is marching in the street, flashing a crypto wallet won't win one friend or get you out of the country. A few gold coins will.

That's human nature and that won't change.

In reply to by exartizo

The.Lizard.Joshua cpnscarlet Tue, 05/22/2018 - 15:17 Permalink

Yeah.  Basically except the elites aren't sure how its going to workout.  They're pushing for a crryptos ause then they'll be able to impose negative interest rates and the banks will charrge us for holding their money.  But in the mean time they are buying bars and bullion to cover their bets.  Gold has always and will always be a store of value... unless they do outlaw cash in which case gold will become illegal next..  But not before the price goes through the roof.

In reply to by cpnscarlet

GunnerySgtHartman exartizo Tue, 05/22/2018 - 13:27 Permalink

There are a lot of cryptocurrencies out there, and most of them will disappear when the next collapse hits.  A very few will survive, but the question is which ones will survive.  Are you absolutely positive that your crypto bet will be the one that survives?

That being said, PMs have been around for 5000 years, and they are not going anywhere.

There is room for both PMs and cryptos.

In reply to by exartizo

Oldguy05 exartizo Tue, 05/22/2018 - 22:44 Permalink

I'm getting tired of listening to people like you. Where have you been and what have you done for 50 years? Go ahead and jump on your recent success. I thought about it too. Then I realized it's a fad brought about by those that hope to control you and wish to have you buy into that. Yes. At the right time you can become digitally wealthy. The smart crypto traders are turning that to real world assets (That's where I was wrong to not buy in and then sell)

But to think it's the new way of the world is to think that the old world won't usurp it. BanksterCoin.

In reply to by exartizo

exartizo GunnerySgtHartman Tue, 05/22/2018 - 14:04 Permalink

No dodge here.

Gold had it's chance.

We are currently in the throes, or soon will be, of the Second Great American Depression by many documented statistics here and elsewhere. If gold had been in it's rightful historical place relative to economic conditions and geopolitical events, it should have ALREADY BEEN THROUGH THE ROOF, instead, gold is arguably declining.

Though some of that problem can be attributed to gold price manipulation due to paper gold MOST of the problem is that Cryptocurrencies have completely revolutionized the idea of what money is.

Cryptocurrencies are by definition trustless, borderless, anonymous, secure and transportable.

Gold loses HORRIBLY on all those counts.

In reply to by GunnerySgtHartman

GunnerySgtHartman exartizo Tue, 05/22/2018 - 14:10 Permalink

If gold had been it's rightful historical place relative to economic conditions and geopolitical events, it should have ALREADY BEEN THROUGH THE ROOF, instead, gold is arguably declining.

Your argument ignores paper gold and the manipulation therein.  And don't try to tell me there isn't manipulation in cryptos.  The crash a few months back demonstrated otherwise.

Cryptocurrencies are by definition trustless, borderless, anonymous, secure and transportable. Gold loses on all those counts.

I hate to break it to you, but PMs are tangible, trusted, know no borders, are totally anonymous, and are easily transportable.  As for secure, that depends on the holder of the PMs.

Anonymity in cryptos?  You really think the blockchain is anonymous?  HAHAHAHAHAHAHA

In reply to by exartizo

exartizo GunnerySgtHartman Tue, 05/22/2018 - 14:17 Permalink

transportable?: try taking a few ounces of gold with you on your next plane trip.

trustless?: read and learn about gold plated lead.

borderless?: try taking a few ounces of gold with you on your next plane trip.

anonymous?: ever buy from Kitco or Monex?

You really suffer from Groupthink and a certain narrow mindedness that is clouding your judgement horribly my friend, but you would not be alone with those problems here.

In reply to by GunnerySgtHartman

snblitz exartizo Tue, 05/22/2018 - 14:42 Permalink

bitcoin:

  • irreversible public ledger - no
  • stable currency - no
  • decentralized - no (and suffers from the 51% problem)
  • cheap - sometimes
  • fast - no (60 minutes for transaction confirmation)
  • scaleable - no (7.5 transaction per second max or 20 with segwit)
  • eliminates third parties - no
  • exchanges - risky and costly (though not entirely bitcoin's fault)

https://www.finitespaces.com/2018/01/01/what-is-bitcoin-and-the-other-crypto-currencies/

With cryptos it is always that next great thing that solves all the problems.  Typical snake oil strategy.

As to gold (and cryptos too)

https://finitespaces.com/2018/04/07/why-we-create-sound-money-and-governments-wreck-them

In reply to by exartizo

GunnerySgtHartman exartizo Tue, 05/22/2018 - 14:43 Permalink

transportable?: try taking a few ounces of gold with you on your next plane trip.

Gold and Silver Eagles are legal US tender, just like a $20 bill ... they can be taken anywhere.

trustless?: read and learn about gold plated lead.

You want to talk about trust?

https://www.theatlantic.com/technology/archive/2017/05/cryptocurrency-ponzi-schemes/528624/

https://www.wired.com/story/cryptocurrency-scams-ico-trolling/

https://www.cnbc.com/2018/01/26/japanese-cryptocurrency-exchange-loses-more-than-500-million-to-hackers.html

Trust, but verify.

borderless?: try taking a few ounces of gold with you on your next plane trip.

See above about transportability.

You, sir, are the one who suffers from groupthink, believing that cryptos are 100% anonymous, cannot be traced/tracked, and can be transported/used anywhere (try using them in a location where there's no electricity).

I realize that I will not convince you otherwise, so feel free to keep your head buried in the sand.  Like I said, there's room for both.  But which of the cryptos will survive the next crash?

In reply to by exartizo

centipede exartizo Tue, 05/22/2018 - 16:12 Permalink

Utter nonsense. All currencies are based on trust. That trust is changing according to their availability and intrinsic value (necessary real energy to produce them). Cryptocurrencies can be created without a limit (and without any really necessary energy) in the same way as fiat. The only difference is that there are limited fiat currencies with potentially unlimited coins created out of thin air while there can be unlimited number of cryptocurrencies created out of thin air with limited number of coins. There is already 1600 cryptos and growing. There could be even countless cryptos with only one coin, trading just its fractions and that would not change their "rarity" one bit. You are dealing with symbols (names) and encrypted numbers and you are fooling yourself that it is a currency based on pure faith.

In reply to by exartizo