An Update on the State of Gold - Interview with Krishan Gopaul of the World Gold Council - a podcast by Rob Tyson

In today´s episode, we have a returning guest, Krishan Gopaul who is the Market Intelligence Manager at the World Gold Council.

 

He talks about the Gold Demand Trends quarterly report for Q1 2021, and what’s been happening in the world of gold over the last few months. He briefly talks about the history of gold and why it’s been valued throughout history.

 

KEY TAKEAWAYS

 

• There is still a strengthening demand for gold. This is the case for gold coins and jewellery too.


• Central banks are continuing to buy gold. Including some that have not bought much over the past few years. Krishan explains why that is during the podcast.


• Interest rates have played a huge role in driving gold investment, especially for private investors.


• Fear of inflation is playing a role.


• Gold is still a popular hedging product.


• Mine production is continuing to recover from the CoVid crisis.


• Gold recycling is helping to balance the market and stop demand from outstripping supply too much.


• Greater job creation and higher wages are set to further boost the gold jewellery sector.


• Gold has worked as a currency since 500 BC. In some parts of the world, it is still used as an unofficial currency.


• Since the 2000s new gold markets have emerged e.g., small consumers in China.


• Gold is unlikely to see its reputation change anytime soon. It is seen as a source of safety as well as returns.

BEST MOMENTS

“Interest rates have played a huge role in driving gold investment. ´

’The market has shifted to a much more balanced picture, not so heavily weighted towards jewellery.’

‘500/600 BC is when we started to see gold coinage.’

 

EPISODE RESOURCES

Krishan Gopaul - https://www.gold.org/goldhub/research/our-research-team/krishan-gopaul

Twitter - https://twitter.com/goldcouncil

Website - https://www.gold.org/

 

VALUABLE RESOURCES

mailto:rob@mining-international.org

https://www.linkedin.com/in/rob-tyson-3a26a68/

http://www.mining-international.org

https://twitter.com/MiningConsult

https://www.facebook.com/MiningInternational.org

https://www.youtube.com/channel/UC69dGPS29lmakv-D7LWJg_Q?guided_help_flow=3

ABOUT THE HOST

Rob Tyson is the Founder and Director of Mining International Ltd, a leading global recruitment and headhunting consultancy based in the UK specialising in all areas of mining across the globe from first world to third world countries from Africa, Europe, Middle East, Asia, and Australia. We source, headhunt, and discover new and top talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients' organisations in any mining discipline or level. Mining International provides a transparent, informative, and trusted consultancy service to our candidates and clients to help them develop their careers and business goals and objectives in this ever-changing marketplace.

CONTACT METHOD

rob@mining-international.org

https://www.linkedin.com/in/rob-tyson-3a26a68/

 

Podcast Description

 

Rob Tyson is an established recruiter in the mining and quarrying sector and decided to produce the “Dig Deep” The Mining Podcast to provide valuable and informative content around the mining industry. He has a passion and desire to promote the industry and the podcast aims to offer the mining community an insight into people’s experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.

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