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Gold Price - Where is it heading?

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The general trend is going on
www.bloomberg.com

Serbia Will Hoard All Its Gold at Home, Shunning Global Hubs

Serbia’s central bank plans to bring all of its roughly $6 billion-worth of gold reserves onto its own soil to ensure the security of the hoard in periods of crisis.
www.bloomberg.com www.bloomberg.com
When is nato sending the jets again?
Hopefully just a joke...
But as our US and UK gold stocks are reducing, harder to manipulate....
 
qldfrog said:
We were kidding but
newatlas.com

Tokamak fusion reactor turns mercury into gold

The dream of the ancient alchemists may come true as Marathon Fusion announces that its tokamak fusion reactor technology can turn common mercury into gold as a byproduct of fusion operations in quantities that would make Auric Goldfinger blush.
newatlas.com newatlas.com
Click to expand...
I saw that. Fusion is a good "get in early" sector.

gg
 
Garpal Gumnut said:
I saw that. Fusion is a good "get in early" sector.

gg
Click to expand...


And:

theconversation.com

A company says it could turn mercury into gold using nuclear fusion. Can we take this claim seriously?

Californian startup Marathon Fusion says it could produce several tonnes of the element per year.
theconversation.com theconversation.com

interestingengineering.com

Nuclear fusion reactors can turn mercury into gold, US firm claims

As per the company's claims, making gold from mercury is possible, and nuclear fusion will play a key role in the process.
interestingengineering.com interestingengineering.com

gizmodo.com

Startup Claims Its Fusion Reactor Concept Can Turn Cheap Mercury Into Gold

Energy startup Marathon Fusion claims to have found a scalable way to turn mercury into gold, but they still have much to prove.
gizmodo.com gizmodo.com

Lots of problems with nuclear fusion:

Full:

How close is nuclear fusion power?

A private company just announced it’s constructing the world’s first commercial nuclear fusion power plant. How long until it’s hooked up to the grid?
www.aveva.com www.aveva.com

Screenshot 2025-07-26 at 5.45.56 PM.png


jog on
duc
 
Gold as the Reserve Asset


Screenshot 2025-07-26 at 5.58.57 PM.png

Check the date above

Full:https://www.project-syndicate.org/c...arket-reserve-asset-by-kenneth-rogoff-2016-05


So China is reversing history:


Screenshot 2025-07-26 at 6.01.01 PM.pngScreenshot 2025-07-26 at 6.01.12 PM.pngScreenshot 2025-07-26 at 6.01.36 PM.pngScreenshot 2025-07-26 at 6.01.52 PM.pngScreenshot 2025-07-26 at 6.02.30 PM.pngScreenshot 2025-07-26 at 6.03.07 PM.png


Essentially having fiat debt as the reserve asset provides a privilege to that country resulting in lower interest rates. Over time, and that time is now, the disassociation of credit from trade flows creates huge imbalances.

This is the US/China issue.

By re-instating gold as the reserve asset, those flows and credit creation will come back in tandem.

China has been on this course since 2008/2009 when they 'requested' that the US did not follow a policy of QE. Obviously the US ignored the request and now the chickens are coming home to roost.


jog on
duc
 
We are back to the $3333.33 area again. The past month's action show a feeble attempt to progress higher than $3500.00

Gold may just stay above $3000.00 for 6-12mo. as it has at lower levels for similar long periods of time.

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Perhaps ETH or BTC are the new safety assets OR buying the dips on NVDA !

gg
 
A very interesting supply demand article for gold came out yesterday. Global gold demand including over-the-counter (OTC) trading rose by 3% year-on-year to 1,248.8 metric tons in the second quarter of 2025 as investment jumped 78%, the World Gold Council said on Thursday. Spot gold prices are up 26% so far this year after hitting a record $3,500 per troy ounce in April as uncertain global trade policy and geopolitical turbulence fuelled inflows into safe-haven assets.( from Yahoo Finance )

Gold Demand by Country | Gold Demand and Supply Statistics | Goldhub

Comprehensive data on gold demand by country broken down by sector. Explore overall gold demand and supply statistics from all regions.
www.gold.org www.gold.org

The graphs are difficult to navigate. The Yahoo article somewhat less so. Just take the headline figures above for sanity. The Yahoo article is here.


I use yahoo mail. I'm unsure whether the article is open source. The Gold Council one is.

gg
 
Garpal Gumnut said:
A very interesting supply demand article for gold came out yesterday. Global gold demand including over-the-counter (OTC) trading rose by 3% year-on-year to 1,248.8 metric tons in the second quarter of 2025 as investment jumped 78%, the World Gold Council said on Thursday. Spot gold prices are up 26% so far this year after hitting a record $3,500 per troy ounce in April as uncertain global trade policy and geopolitical turbulence fuelled inflows into safe-haven assets.( from Yahoo Finance )

Gold Demand by Country | Gold Demand and Supply Statistics | Goldhub

Comprehensive data on gold demand by country broken down by sector. Explore overall gold demand and supply statistics from all regions.
www.gold.org www.gold.org

The graphs are difficult to navigate. The Yahoo article somewhat less so. Just take the headline figures above for sanity. The Yahoo article is here.


I use yahoo mail. I'm unsure whether the article is open source. The Gold Council one is.

gg
Click to expand...
Central banks are still collecting up gold. Did you see the massive volume when it first went below the $3300 mark?

1753949761673.png
 
TimeISmoney said:
Central banks are still collecting up gold. Did you see the massive volume when it first went below the $3300 mark?
Click to expand...
The report from the Gold Council in my last post above says that central baank buying has slowed down significantly it is tipping an increase again in the last quarter of this calendar year.

Jewellery and retail adornment is down by 20% from memory in both China and India, again this expected to be temporary. I felt the report underestimated hidden buying by central banks. They do quote stated and concealed buying by central banks but the figures for the latter are all in the report and don't marry up with reports from the financial press during the year..

Overall the report states a slowdown which should settle in the last quarter. Members on this forum are mainly interested in the price, I find it difficult to see how this report assists me in working out future price. I do agree with you @TimeISmoney that "central banks are still collecting up gold".

gg
 
Garpal Gumnut said:
The report from the Gold Council in my last post above says that central baank buying has slowed down significantly it is tipping an increase again in the last quarter of this calendar year.

Jewellery and retail adornment is down by 20% from memory in both China and India, again this expected to be temporary. I felt the report underestimated hidden buying by central banks. They do quote stated and concealed buying by central banks but the figures for the latter are all in the report and don't marry up with reports from the financial press during the year..

Overall the report states a slowdown which should settle in the last quarter. Members on this forum are mainly interested in the price, I find it difficult to see how this report assists me in working out future price. I do agree with you @TimeISmoney that "central banks are still collecting up gold".

gg
Click to expand...
Of some interest is that Poland Central Bank was the largest buyer of gold in 2024 and also active in 2023 and early this year.

The stated objective was to get to 20% of reserves, they are currently at about 21% so they may be close to done.

Others may step up.
 

Which Countries Are Leading the Central Bank Gold Buying Trend? July 28, 2025​

The trend in central banks buying gold is not homogenous—some of the largest purchases are being made by emerging market economies intent on building monetary sovereignty, along with certain developed markets seeking to protect their reserves.

Major Gold-Acquiring Central Banks​

  • China: China stands out for its persistent, and sometimes opaque, gold accumulation strategy. Official figures show steady growth, but actual holdings may be higher due to underreported acquisitions. China's approach—gradually and systematically increasing gold reserves—enables it to diversify away from the dollar without disrupting global markets.
  • BRICS nations: In addition to China, countries like Russia, India, and Turkey are major buyers, with Russia notably turning to gold to buffer its reserves post-sanctions.
  • Developed economies: While many Western nations maintain high gold allocations, a few have even increased their reserves in recent years, choosing to hold rather than sell.
CountryGold as % of Reserves (Est.)Rationale
China3.6% (official, likely higher)De-dollarization, strategic influence
Russia~23%Sanction insulation, currency stability
Turkey~34%Inflation hedge, local currency risk
Germany~78%Tradition, trust in gold

Case Study: China's Gold Strategy​

China's official gold reserves are reported monthly, but analysts like Peter Bookvar suspect that "actual reserves may be significantly higher than reported." China channels trade surpluses—often from yuan-based commodity trades—into physical gold quietly, building its position without spooking market prices.

"A lot of what China buys is not officially reported, so their actual reserves are likely much higher than what they disclose

— Peter Bookvar [Daniela Camboni Show]
Click to expand...
discoveryalert.com.au

Record Central Bank Gold Buying Reshapes Global Finance

Discover why central banks are buying record amounts of gold and how this trend is reshaping the global financial system.
discoveryalert.com.au discoveryalert.com.au
 
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investingnews.com

Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899), the country’s largest producer of gold and copper, has agreed to acquire Kazakhstan’s Raygorodok gold mine for US$1.2 billion.The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the...
investingnews.com investingnews.com
 
TimeISmoney said:
View attachment 205141

View attachment 205142
investingnews.com

Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899), the country’s largest producer of gold and copper, has agreed to acquire Kazakhstan’s Raygorodok gold mine for US$1.2 billion.The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the...
investingnews.com investingnews.com
Click to expand...

Zijin is popping up everywhere. They'll probably be on the register of NEM soon.
 
TimeISmoney said:
View attachment 205141

View attachment 205142
investingnews.com

Zijin Mining to Acquire Major Kazakh Gold Mine for US$1.2 Billion

China’s Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899), the country’s largest producer of gold and copper, has agreed to acquire Kazakhstan’s Raygorodok gold mine for US$1.2 billion.The deal, announced on Monday (June 30) through a filing to the Hong Kong Stock Exchange, furthers the...
investingnews.com investingnews.com
Click to expand...
Sean K said:
Zijin is popping up everywhere. They'll probably be on the register of NEM soon.
Click to expand...
Zijin is a beautiful name for a mining company. Zi, I am told means purple, the colour for royalty as it is in Western traditions, and Jin stands for Gold.

Thus ZiJin.

Unfortunately what many fail to realise and it is as significant for Germany and Poland as it is for China, an increase in Gold reserves is important for two essentials traditionally, firstly Prestige and secondly to purchase Armaments and Mercenaries for offensive and defensive war needs.

As well as an increase in gold buying and production there is a brisk repatriation of gold reserves held offshore of countries, the two European ones mentioned above being some of the more prominent in this regard.

gg
 

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