Category: Gold
-
Duarte da Silva: The world has run out of new gold. South Africa never mined its last 48,000 tonnes.
Global gold discovery has stalled: no major find anywhere in 2023 or 2024, the first time on record, while producers’ reserves shrink and the pipeline empties. In this Gold Papers instalment, Dr Duarte da Silva argues the world’s response has overlooked the obvious candidate — South Africa’s abandoned Witwatersrand residual, estimated at 48,100 tonnes, comparable…
-
Duarte da Silva: Gold’s $1,500 fall from grace – Fear trade done, long thesis intact
Gold has shed its entire 2026 gain, dropping 27% from January’s $5,589 record to hover just above $4,000 — but veteran market insider Dr Duarte da Silva argues investors misreading this as a structural breakdown are looking at the wrong signal. Two forces hit simultaneously: the 17 June US-Iran memorandum of understanding collapsed the geopolitical…
-
Duarte da Silva: South Africa’s gold is still there. The architecture to unlock it isn’t — yet
1.THE CASE FOR A NEW ARCHITECTURE Papers One and Two made the diagnosis. This paper is the remedy. Paper One showed the gold-price move is structural, not cyclical, and that anchoring to old price assumptions misprices gold worldwide — in South Africa with a multiplier. Paper Two named the failure: two decades ofmining and investment…
-
Last call: Why SA’s discarded gold assets are now the world’s most compelling trade
At today’s record gold prices, a forgotten chapter of South Africa’s mining story is quietly reawakening. Once dismissed and written off, vast resources, dormant infrastructure, and hard-won geological knowledge are suddenly back in focus as economics shift dramatically. Investors who once looked elsewhere are beginning to reconsider what was abandoned at far lower prices. Beneath…
-
FT: World’s central banks have spoken — gold is the new safe haven
For the first time, gold has dethroned US Treasuries as the world’s largest reserve asset — and a landmark ECB report shows just how dramatically the global financial order is shifting. With bullion now accounting for 27% of central bank reserves versus Treasuries’ 22%, the metal’s historic rally and relentless buying by China, India, Poland…