Did you know:

Private investors bought more gold in 2025 than ever before in any given year. The buyers ranged from individuals around the world to the largest institutional investors and sovereign wealth funds.

Did you know:

Central banks added 9.5 million ounces of gold in 2024 and 10.2 million ounces in 2025 to their monetary reserves.

The World Gold Council’s numbers of 35.1 million ounces and 27.8 million ounces claim to include ‘secret, unreported’ gold purchases the central banks deny. Banks, brokers, and promoters use the WGC figures because they are free.

Did you know:

Identified and delineated mineable reserves totaled 2.1 billion ounces in 2025, equivalent to 25 years of production at current mining rates of 84.1 million ounces per year.

Reserves are 57% greater than they were in 2005.

There are 41 mining properties under development or expansion slated to come onstream over the next few years beyond 2026. Combined annual production capacity at these properties is 12.9 million ounces.

AngloGold Ashanti’s has outlined a maiden 4.9 million ounces of reserves at its Arthur gold project in Nevada. It plans to produce 500,000 ounces per year of gold over its first nine years of operation. Its all-in sustaining cost is projected at US$954 per ounce, slightly more than half the current average AISC.

Did you know:

Fabrication demand for gold has been declining.

Did you know:

Foreign and international holdings of U.S. Treasury securities reached a record $9.2 trillion as of the third quarter 2025, the most recent period for which data are available. These holdings have been rising at a record 11.6% per annum rate since the third quarter of 2023. This reality does not support gold promoters repeatedly claiming that foreign governments and investors are abandoning the U.S. dollar and U.S. Treasury securities.

Central bank U.S. dollar holdings were $7.4 trillion at the end of the third quarter 2025. That was up 2.8% from the end of 2024, 5.8% from the end of 2022, and 5.8% from a decade earlier, at the end of 2015. This also belies the meme of governments dumping dollars.

These realities and more are discussed in CPM’s 2026 Gold Yearbook, released on 24 March.

Click Here To Purchase The 2026 Gold Yearbook, include it as part of the CPM Group Retail Investor subscription, or another CPM research and consulting program.

CPM can support and strengthen your decision-making with unbiased, accurate, real research-driven statistics and analysis. We would be glad to schedule a call and outline a research and consulting plan tailored to your needs.

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