In this episode we chat to Krishan Gopaul, Market Intelligence Manager, at the World Gold Council. He’s here to discuss the Gold Demand Trends quarterly report for Q1 2021, which is the World Gold Council’s leading piece of intellectual property. The report analyses the global gold market, examining global supply and demand, as well as wider industry trends within the investment, jewellery, technology and mining sectors.
Krishan tells us what has been driving gold’s performance this year and what were the most interesting developments globally for gold demand in Q1.
KEY TAKEAWAYS
- The World Gold Council is a market development organisation, and their objective is to sustain and stimulate the demand for gold
- India has added a further 19 tonnes to their gold reserves, and have been a regular purchaser. Kazakhstan has added eight tonnes, and Uzbekistan has added 23 tonnes.
- In March, the Central Bank of Hungary bought 63 tonnes of gold, tripling its gold reserves. It was the 4th largest purchase by any bank since 2009.
- Investors have been pouring their capital into gold as a way of ensuring their investment. Consumers demand for gold has declined, but is steadily rising once more.
BEST MOMENTS
'The World Gold Council are the authority on gold'
'We look to try and put out a lot of research and educate investors'
'We didn't just see purchases. We saw sales'
'There has been strength in investment demand and weakness in consumer demand'
VALUABLE RESOURCE
Dig Deep – The Mining Podcast on iTunes
Krishan Gopaul at the World Gold Council - https://www.gold.org/goldhub/research/our-research-team/krishan-gopaul
ABOUT THE HOST
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 to peoples experiences and careers covering any mining discipline, giving the listeners helpful advice and guidance on industry topics.
Rob 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 talent through a targeted approach and search methodology and have a proven track record in sourcing and positioning exceptional candidates into our clients organisation 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/
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
