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Why the Scarcity Of Gold Could Lead To Positive Gains Over Next 10 Years


Why the Scarcity Of Gold Could Lead To Positive Gains Over Next 10 Years
FinancialNewsMedia.com News Commentary
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PALM BEACH, Fla., May 19, 2021 /PRNewswire/ Gold is not an asset that is prone to big price swings, or high volatility, but it is known to almost constantly be growing as its uses and market desire keep growing. Also, the fact that Gold is an asset that is scarce, but with an uncertain supply, means the markets are often worth watching and forecasting gold prices for the next 10 years can often lead to positive gains over this long period of time. A report from industry insider, PRIME XBT made several predictions for Gold s future. They said that: The gold price prediction today, and the gold price forecast 2021 looks like it could be a really positive one, and it also comes off the back of a really good year in 2020 for the precious metal which had many geo-political factors impact its price and its growth in an ....

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Total Gold Supply Forecasted To Climb To 131.2 Million Ounces In 2021 Along With Increasing Mine Production


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PALM BEACH, Fla, April 15, 2021 /PRNewswire/  Experts are saying that after a record year, gold is bound to see more gains in the medium and long-term. Gold performed well in the pandemic. The biggest drivers that will support gold as the world reopens include sovereign and private sector debts, deficits, and ultra-loose monetary policies. Governments around the world will struggle to reverse the fiscal policies introduced as a response to the pandemic, said the CPM Group, citing lackluster economic growth in coming years. In an article by Kitco News, discussing CPM s Gold Yearbook, said that: The pandemic has changed the world, making some of the existing problems even worse and setting gold up to benefit… While the pandemic will eventually pass, it has left the world changed and has in fact compounded and worsened some of the factors that are supportive of gold prices, the CPM Group said.  This scenario positions gold well for ....

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