According to the World Gold Council, new gold deposits are becoming harder to find around the world. This could hasten the arrival of “peak gold,” a scenario where the amount of gold mined cannot increase and rising demand can no longer be met.
“The bigger picture…about mine production is that, effectively, it plateaued [between] 2016 [and] 2018, and we’ve seen no growth since then.”
—World Gold Council Chief Market Strategist John Reade
What do the Council’s findings mean for the future of gold prices?
Click on the video link below for exclusive executive insights on this topic from Edmund C. Moy, 38th Director of the U.S. Mint and Senior IRA Strategist for U.S. Money Reserve.
Related headlines from around the web:
- Business Insider: “More rich countries worried about the dollar want to buy gold”
- MarketWatch: “Record percentage of central bankers expect gold holdings to increase”
- Reuters: “Gold touches two-week high as soft U.S. economic data keeps rate cut bets alive”
Enhance your portfolio with precious metals today.
Widespread market forces like central bank demand, geopolitical tensions, and monetary policy may continue to drive gold prices higher. Gold has also historically been used as a hedge against economic uncertainty and market turbulence. Now may be the perfect time to add wealth protection to your portfolio in the form of physical gold.
Watch U.S. Money Reserve’s “Market Insider” each week for more economic insights. Nothing herein should be considered as portfolio or retirement advice as U.S. Money Reserve (“USMR”) cannot and does not offer financial advice. Clients should consult a financial advisor for specific advice. This commentary is provided by USMR for informational purposes only and is provided on an “as is” basis without any warranty of any kind, whether express or implied. Your use of the information provided in this commentary is entirely at your own risk. In no event will USMR be held liable for any indirect, special, incidental, or consequential damages arising from the use of information contained in this commentary.
