GoldNuggets — Returns, Forecasts, Bitcoin
2024 Returns in Perspective $Gold - main 2502(GCmain)$
Krishan Gopaul of the World Gold Council highlights how 2024 was the 9th highest annual return for Gold in US$ since 1971.
Two things standout on this chart to me; first is how high returns have been in the past, second is how it’s not uncommon to see clustering of high returns (e.g. 2009-10, 1972-4).
Gold 2025 Forecasts
Peter Redward of About Gold shares Reuters’ survey of 34 institutional analyst forecasts for the (US$) gold price in 2025.
He observes: “the average year-end forecast [for 2025] is US$2,700/oz (+2.7%YoY) while the median is slightly lower at USD 2,674/oz (+1.5%YoY). However, there does appear to be a skew towards a more optimistic outlook, with the range quite wide at USD 2,350-3,280/oz.“
Gold vs Bitcoin ETF Assets
Ki Young Ju of CryptoQuant displays the relative retail fervor in crypto vs gold: “BlackRock's gold ETF took 20 years to reach $33B AUM, while their Bitcoin ETF nearly doubled gold's AUM in less than a year.“
Gold vs Bitcoin Total Market Cap
However, the good folk at incrementum show in their latest pack that when it comes to total market cap, while Bitcoin is becoming more relevant and investable for institutional investors, it is still a relatively minor asset class compared to gold. (source)
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- KSR·01-14👍LikeReport