In this episode, we speak to Krishan Gopaul, Senior Research Analyst at the World Gold Council. He discusses what happened with Gold Demand Trends in 2021 and in more current times, the Gold Market outlook for 2022, and what the Gold market expects.

KEY TAKEAWAYS

• In 2021, the jewellery, technology, and motoring sectors recovered, so demand for gold was strong from them.
• The Indian jewellery market was especially interesting.
• Demand from banks was high. Krishan explains why and which ones bought the most.
• Inflation is leading to consumers investing in gold coins. Krishan shares the figures and the story behind that.
• But high ETF outflows dragged down the overall investment level.
• For ETFs, there are currently very strong competing forces at play, which makes it hard to predict what will happen.
• In January, inflows into ETFs were strong. Krishan explains why, during the podcast.
• For mining, the picture was mixed. Krishan talks through which jurisdictions were up and which were down and explains why.
• Most supply issues have been resolved.
• So far, higher demand for cryptocurrencies has not really impacted demand levels for gold.
• The dynamics for gold, during 2022, are likely to be similar to 2021. 

BEST MOMENTS

‘For gold ETFs, we saw outflows of about 173 tonnes, which was the first outflows for a couple of years. ´

‘We saw about 463 tonnes of gold demand from central banks, last year, that 82% higher.’

‘Gold will face very similar dynamics in 2022 as it did in 2021.’

EPISODE RESOURCES

Website: https://goldhub.com

Twitter: https://twitter.com/KrishanGopaul

VALUABLE RESOURCES

Email: rob@mining-international.org

Website: https://www.mining-international.org/

LinkedIn: https://www.linkedin.com/in/rob-tyson/

Twitter: https://twitter.com/MiningRobTyson

Facebook: https://www.facebook.com/DigDeepTheMiningPodcast/

Instagram: https://www.instagram.com/theminingpodcast/

YouTube: https://www.youtube.com/c/DigDeepTheMiningPodcast/videos

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 insight into people's 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 specializing in all areas of mining across the globe from the first world to third world countries from Africa, Europe, the 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 client's organizations 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.

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.