Minted’s Post

The Largest Gold Reserves, by Country: The U.S. holds the world's largest gold reserves, totaling 8,133 tonnes. This graphic showcases the top 11 gold reserves by country. https://lnkd.in/dkr9hQdy

The Largest Gold Reserves, by Country: The U.S. holds the world's largest gold reserves, totaling 8,133 tonnes. This graphic showcases the top 11 gold reserves by country. https://lnkd.in/dkr9hQdy

Gold reached all-time highs in May 2024 on its way to forming a new, higher base. At the same time, gold companies have shown how they are ready to capitalize on these higher prices with costs now firmly under control. Register for our upcoming webinar on Wednesday, July 24 at 10 AM ET: https://lnkd.in/eFGWpNcQ. We’ll discuss: -Gold’s recent consolidation around new highs -Gold miners’ improved outlook -Forecasts for the remainder of 2024

Gold's Market Cap Estimated Market Cap: $15.519 T The Market Capitalization of Gold is currently arround $15.519 T. This value was obtained by multiplying the current gold price ($2,311 per once) with the world's above ground gold reserves. The amount of above ground reserves for Gold are estimated to be around 208,874 metric tonnes according to the World Gold Council (End-2021). Note that the estimated above the ground Gold reserves can vary by up to 20% from one source to another. As a consequence it is safe to say that the the current Market Cap of Gold is between $12.415 T and $18.623 T.

Gold bullish Breakout! 🌟 Gold has been on an impressive run recently, forming a strong gain that’s led to a 3-River Morning Star pattern – a bullish reversal signal This is a promising sign for gold investors looking for stability and growth. For a deeper dive into this exciting development, check out the full article on Kitco News: Gold Futures Shine Bright https://lnkd.in/dxxFe8j4 We Want to Hear from You! 🗣️ What are your thoughts on these developments? How do you think these trends will affect the market? #IPMBToTheWorld

Gold is "outperforming". https://lnkd.in/gVyawCtx #BullionPMI #Gold #GoldPrices #Macquarie #GoldRally #GoldIn2024 #GoldAnalysis #GoldOutlook

Gold is "outperforming". https://lnkd.in/djUvzGPj #BullionPMI #Gold #GoldPrices #Macquarie #GoldRally #GoldIn2024 #GoldAnalysis #GoldOutlook

Gold is "outperforming". https://lnkd.in/eJDThCRM #LOMAmgt #Gold #GoldPrices #Macquarie #GoldRally #GoldIn2024 #GoldAnalysis #GoldOutlook

Making predictions about prices is clearly a form of BS. Total speculation. And, I have found whenever I open my mouth about where a price is going, it totally puts the mockers on it. So all I have to say about #Gold at the moment is it is #INTERESTING I'm not the only person who plots annual gold production against price (log scale in the case below), so its not my original thought. I like to talk to it though, because so many people talk to gold fundamentals and don't go near supply and demand. The interesting bits: - Two substantial gold bull markets since 1966, which commenced off periods of low (to negative) production growth - South African production peaked in 1970 (this was the largest contributor to global production at the time - Production expanded massively following the proliferation of CIL / CIP circa 1980 - The industry hedged massively during a period that (kept ?) the gold price flat - And the period the gold industry was buying back all that gold (de-hedging) was a time the price ran strongly (even after production began to grow) Anyone see a technological breakthrough that could substantially expand global gold production ? Or an appetite for aggressive producer hedging ? I think its interesting because Lion Selection Group has been investing heavily in deeply discounted gold juniors, who are lagging their producing peers. I'm less interested about the gold price having gone up, and far more interested in why. #LSX #discountonadiscount

The price of gold is an often used term, but the question of how it is actually determined is rarely asked. An independent association of gold producers and traders plays a key role in this process. Explore the significance of the LBMA and the Good Delivery list in today's blog, as we demystify their pivotal roles in the precious metals market. #GoldmanGraff #LBMA #GoodDelivery