Hunan Weide Bulk Commodity Spot Trading Center Investment Hotline Manager Liu Hunan Weide Bank Investment Promotion, Hunan Weide Company Agent, Hunan Weide Silver Agent, Hunan Weide Personal Agent, Hunan Weide Bulk Commodity Investment Promotion, Hunan Weide Agent, Hunan Weide German spot investment, Hunan Weide investment, gold, silver, copper, fuel hydrocarbons, energy, palladium.
When talking about the trend of gold prices, everyone must immediately think of hot words such as the Federal Reserve raising interest rates, China and India’s demand. However, there is one fundamental aspect of gold production that has long been ignored by investors. Recent data shows that global gold production is about to reach its peak. Given that gold is not just a safe-haven asset but also has commodity properties, this change in fundamentals will have an indispensable impact in the long term. Recently, statistics found that the global gold supply is expected to decrease by one-third in 2020. The president of Rand Gold Resources also said in September that due to rising gold prices, gold producers have been increasing production to a limited extent, and mining companies are unable to obtain new reserves. As a result, gold production is likely to peak in the next three years.
Since the beginning of this year, gold has ended three consecutive years of decline and has risen. According to a survey by B, a research arm of Fitch, in March, the average price of gold in 2018 was US$/ounce. When supply from gold mines begins to decline and people begin to realize the impact that will have, gold will have an incredible bull run.
The number of new gold mines is decreasing, which may lead to a decades-long downturn in gold production, which will stimulate an increase in gold prices and make future industry mergers inevitable.
Hunan Weide Bulk Commodity Spot Trading Center Investment Hotline Manager Liu
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