When considering your next gold investment, there’s another significant factor to be aware of: news as a price driver. Here are the most important events any gold investor should be aware of: news as a price driver.
With advancements in technology and the emergence of gold-backed products like ETFs or cryptocurrencies, the landscape for the gold market – especially as a finite resource with depletion of natural reserves – has the potential to change and shift over the next ten, twenty, or even thirty years. But what factors should be considered when thinking about how the gold market could evolve?
Potential Political Catalysts for Gold to the Upside
No one can predict the future. That is especially true in financial markets and politics. However, certainty sells and there are plenty of people who sell predictions that are far too confident. When it comes to price targets for financial assets it is prudent to assess their credibility and track record.
Most current estimates claim that the amount of available Gold on Earth is somewhere between 150,000 – 250,000 tonnes. And at current rates of production, it will be a few decades or a century before this supply is extinguished. But once it has, where then?