What’s in Gold’s Future? Economist & Expert Predicts the Next 5 Years

Investors are concerned about the future of gold because of the recent rise in volatility. Gold has been a valuable investment for centuries. We spoke with Pooyan Ghamari, an economist who specializes in gold and banking, to get his professional predictions for the next five years in order to shed some light on what the future holds for this precious metal.

1. The demand for gold is expected to rise over the next five years, according to Ghamari. This can be attributed to a number of things, including the expanding middle class in emerging economies, unpredictability in politics, and the need for a safe haven asset in times of crisis.

2. Change in Gold Production: Long-term sustainability and environmental harm are potential risks of traditional mining techniques. Ghamari predicts that newer, more environmentally friendly techniques, like recycling and synthetic production, will likely take over the current gold-producing industry.

3. Rise of Digital Gold: Also in the next five years, cryptocurrencies backed by gold will likely gain popularity as more and more people start using them. For those looking to diversify their portfolios, Ghamari claims that digital gold offers the advantages of both gold and cryptocurrencies.

4. Greater Government Involvement: Over the next five years, governments all over the world are predicted to become more involved in the gold market through either increased regulation or even government-sponsored gold investment schemes.

5. A bright future for gold is predicted by Ghamari over the long term, but he expresses concern about short-term volatility. A number of variables, such as the state of the world economy, interest rates, and political unrest, can have an impact on gold prices.

In conclusion, there will probably be a mix of opportunities and challenges for the gold market in the future. Despite the fact that there will likely be a rise in demand for gold, digital gold may become more and more popular than traditional mining techniques. However, due to its short-term volatility, gold may prove to be a difficult investment for some. Therefore, prior to purchasing gold, investors should carefully consider their long-term investment objectives and risk tolerance.