Eric Sepanek
SBC Founder
Eric Sepanek is the founder of Scottsdale Bullion & Coin, established in 2011. With extensive experience in the precious metals industry, he is dedicated to educating Americans on the wealth preservation power of gold and silver.
A major gold mining company predicts higher gold prices as demand heats up. Jake Klein, the executive chair of Evolution Mining, expects the yellow metal’s value to enjoy steady growth through 2025. Evolution Mining’s market cap has increased tenfold over the past decade, highlighting the surge in gold buying.
The Numbers
- Evolution Mining grew from $65 million to $650 million in 10 years.
- Central bank gold demand reached a record of 483 tons in the first half of 2024.
- Gold prices have shot up nearly 22% since the beginning of the year.
- Bank of America and Citi forecast gold prices to reach $3,000.
Why Investors Should Care
Gold mining is one of the many factors regularly influencing gold prices. Companies involved in the extraction and processing of gold ore have advanced insights into the supply and demand dynamics of the precious metals market. This makes their input highly valuable to gold investors. An expert calling for higher prices means people have a window of opportunity to snag lower prices before they shoot up. This better entry point can mean higher returns in the future.
Market Impact
Miners are struggling to keep pace with surging gold demand as central banks and retail investors pour into physical metals. The World Gold Council recently reported that gold is getting harder to find.
Expert Insights
Evolution Mining’s chair confidently announced that “the gold price will again be higher in 2025”, noting the accuracy of similar forecasts made by the company in previous years. This prediction is being echoed across the gold market.
Steve Rand, Sr. Precious Metals Advisor at Scottsdale Bullion & Coin, explains “Gold has a tremendous amount of upward potential [and] huge fundamentals behind it.”
Fellow SBC Sr. Advisor Damian White highlights the importance of timing your investments before booming demand pushes prices even higher. “You want to be positioned in gold before the stampede.”
Future Outlook
Experts are boosting their gold price predictions on the back of a massive surge. Many prominent financial institutions such as Bank of America and Citi forecast prices to reach $3,000. This anticipated growth is partially informed by sustained central bank gold demand. The World Gold Council expects governments to continue buying gold at a record pace after a recent high in the first half of 2024.
What’s Driving the News?
Gold has been dominating economic headlines as the yellow metal bursts to new records. Evolution Mining’s prediction is the latest in a chorus of industry insiders pointing to higher evaluations in the future. Investors are increasingly looking to gold as a hedge against market turmoil and many wonder if it’s too late to join the gold rush. With gold mining experts anticipating higher prices around the corner, investors might still have a window of opportunity to scoop up gold at reasonable prices.
Actionable Takeaways
Consider Your Timing
Timing is of increasing importance as experts see gold gearing up for higher moves. Getting in sooner could mean higher returns in the long term.
Look to Physical Gold
Physical gold is seeing renewed interest from investors looking for tangible assets with inherent value and a track record of keeping pace with inflation. If these advantages matter to you, consider physical over paper gold.
Speak With an Advisor
Your gold holdings are most effective when lined up with your overall investment objectives. Speaking with an advisor can help you make the most of your precious metals assets.
Eager to Learn More About Gold
The precious metals advisors at Scottsdale Bullion & Coin are here to help! Give us a toll-free call at 1-888-812-9892 or use our live chat function. We’ll be happy to answer all your questions.