The 30-Year View: Examining the Future of Gold

Stocks and Financial Services Press Releases Thursday May 17, 2018 13:08
LONDON--17 May--PRNewswire/InfoQuest

The World Gold Council today launched a one-off essay collection, Gold 2048, bringing together industry-leading experts from across the globe to analyse how the gold market is set to evolve in the next 30 years.

Key conclusions emerging 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:

  • 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.

Aram Shishmanian, CEO of the World Gold Council commented: "Since its creation in 1987, the World Gold Council has worked with policymakers, regulators and industry participants to drive understanding of and, ultimately, demand for gold.

"The next 30 years will no doubt bring significant changes - some we anticipate, some that none of us predict. I am delighted that in Gold 2048 we have brought together a stellar set of contributors - economists, investment managers, leaders in the mining industry, as well as our own specialists - to consider the global trends and dynamics that will drive this fascinating market forward."

The full collection is available for download here: https://www.gold.org/research/gold-2048
You can follow the World Gold Council on Twitter at @goldcouncil and Like on Facebook.
Note to editors:
World Gold Council

The World Gold Council is the market development organisation for the gold industry. Our purpose is to stimulate and sustain demand for gold, provide industry leadership and be the global authority on the gold market.

We develop gold-backed solutions, services and products, based on authoritative market insight and we work with a range of partners to put our ideas into action. As a result, we create structural shifts in demand for gold across key market sectors. We provide insights into the international gold markets, helping people to understand the wealth preservation qualities of gold and its role in meeting the social and environmental needs of society.

The membership of the World Gold Council includes the world's leading and most forward-thinking gold mining companies.
Source: World Gold Council

Latest Press Release

Photo Release: KTC and Yoga And Me jointly provide special privileges to strengthen new class Yoga for Sports.

"KTC" or Krungthai Card Public Company Limited, jointly with "Yoga and Me" in providing KTC cardmembers special privileges with10 discount coupons worth Bt. 2,999 from originally Bt. 7,900. Members may choose Yoga, Rhythm & Burn or Pilates Mat...

Photo Release: EXIM Thailand Welcomes Banque Pour Le Commerce Exterieur Lao Public

Mr. Sittikorn Direksoonthorn (second right), Senior Executive Vice President of Export-Import Bank of Thailand (EXIM Thailand), recently welcomed Mr. Leepakao Chialue (second left), Deputy Chief of Credit Operation Division, Banque Pour Le Commerce...

KBank Private Banking inaugurates its exclusive office in Phrom Phong area Aims to deliver top-class customer experience and fortify its collaboration with Lombard Odier to provide comprehensive wealth management services

KBank Private Banking (KPB) has inaugurated its office in the Phrom Phong area. Through its redefined strategies, KPB will expand its private banking team to forward its mission of delivering impressive customer experiences in alignment with their...

AXA offers SmartCare Health Insurance with Special Nursing Service to Celebrate Mothers Day Month

AXA Insurance, a leading general insurance provider in Thailand and a part of the Number ONE Global Insurance Brand for the 10th consecutive year1 offers SmartCare Optimum and SmartCare Optimum Plus health insurance plans, a perfect gift for moms in the...

AGE joins hands with TRC-APTECH to expand to energy supply and services for large industrial plants

Asia Green Energy Public Company Limited or AGE joins hands with TRC Construction Public Company Limited and establishes a joint venture company, "At Energy Solution Co., Ltd.", to provide energy supply and services which are the expansion of the coal...

Related Topics