Question 1

What is the gold price today per ounce?

Accepted Answer

The current gold price is shown in the price grid at the top of this page, refreshed during market hours from COMEX (GC futures). The LBMA Gold Price is fixed twice daily in London at 10:30 AM and 3:00 PM as the global benchmark. One troy ounce equals about 31.10 grams.

Question 2

How can I invest in gold?

Accepted Answer

Five primary ways: physical bullion (coins and bars), physical-backed ETFs (GLD, IAU, PHYS), mining stocks (NEM, B, AEM), streaming companies (FNV, WPM), and COMEX futures. For most retail investors a physical-backed ETF offers the simplest exposure with the lowest friction.

Question 3

Why does the gold price keep rising?

Accepted Answer

Three structural drivers have shifted gold's long-term baseline: record central bank buying (around 1,000 tonnes/year since 2022, the highest pace since 1967), reserve diversification away from US Treasuries among emerging market central banks, and persistent geopolitical risk premia. Real interest rates and dollar dynamics remain the dominant short-term factors.

Question 4

What is the gold-silver ratio telling us?

Accepted Answer

The gold-silver ratio is the number of ounces of silver required to buy one ounce of gold. The long-term mean is roughly 60. A ratio above 80 historically signals silver is cheap relative to gold; below 50 signals gold is cheap relative to silver. The ratio is widely used as a relative-value indicator between the two metals.

Question 5

Where is gold mined?

Accepted Answer

Annual mine production averages 3,000 to 3,200 tonnes globally, with the top producing countries being China, Russia, Australia, Canada, and the United States. The largest mining companies include Newmont, Barrick Gold, Agnico Eagle, AngloGold Ashanti, and Gold Fields. Recycling adds another 1,100 to 1,300 tonnes annually.

Question 6

What ETFs invest in gold?

Accepted Answer

The largest physical gold ETFs are SPDR Gold Shares (GLD), iShares Gold Trust (IAU), and Sprott Physical Gold Trust (PHYS). For mining stock exposure, the largest options are VanEck Gold Miners ETF (GDX) and VanEck Junior Gold Miners ETF (GDXJ). Royalty exposure is available through the SPDR S&P Global Natural Resources ETF (GNR) and several specialty funds.

Question 7

Why do central banks buy gold?

Accepted Answer

Central banks hold gold as a reserve asset to diversify away from currency and sovereign-debt holdings (mainly US Treasuries), to hedge against geopolitical risk, and to maintain credibility of their currencies. Gold has no counterparty risk and is recognized globally as a settlement asset. Net central bank purchases reached record levels in 2022, 2023, and 2024 according to World Gold Council data.

Question 8

Is gold a good inflation hedge?

Accepted Answer

Historically, gold has preserved purchasing power over multi-decade periods but underperforms during short-term inflation shocks if real interest rates rise sharply. Gold tends to do best when real rates are negative or falling. Over the long run gold roughly tracks inflation; over short runs it tracks real rates and dollar strength more closely than CPI.

#	Company	Commodity revenue	Price	24h %	YTD	1Y	Geography
01	NEM Newmont World's largest gold producer post-Newcrest. 11 Tier 1 mines, 6.8M oz 2024 production; significant copper exposure from Cadia and Boddington.	~88%	—	—	—	—	Nevada · Australia · Ghana · Peru
02	GOLD Barrick Gold Corporation Renamed from Barrick Gold; ticker GOLD to B in 2025. Mali (Loulo-Gounkoto) suspended. Major copper growth via Lumwana Super Pit and Reko Diq.	~72%	—	—	—	—	Nevada · Dominican Rep. · DRC · Zambia · Pakistan
03	AEM Agnico Eagle Mines Lower-jurisdiction-risk senior. 4 cornerstone Canadian assets (Detour Lake, Canadian Malartic, Meadowbank, Meliadine) = 60% of sales. 15-yr reserve life.	~98%	—	—	—	—	Canada · Mexico · Finland · Australia
04	FNV Franco-Nevada Largest precious metals royalty/streaming co. ~400 assets, debt-free, $2.3B available capital. Cobre Panama stream halted since Nov 2023.	~66%	—	—	—	—	S. America · N. America · Africa (royalty/streaming)
05	WPM Wheaton Precious Metals Pure streaming. 2024: 635K GEOs record. Streams on Salobo (Vale), Antamina, Penasquito, Constancia, Voisey's Bay cobalt. Growth to 800K+ GEOs by 2028.	~64%	—	—	—	—	Brazil · Peru · Mexico · Canada (streaming)
06	KGC Kinross Gold Tasiast (Mauritania) record 622K oz in 2024. Paracatu (Brazil) 500K+ oz for 7th straight year. Manh Choh (Alaska) ramped Q3 2024. AISC $1,360/oz.	~95%	—	—	—	—	Mauritania · Brazil · USA (Alaska, Nevada) · Chile

#	Company	Ticker	Price	24h %	Exchange	Note
01	Newmont Corporation NYSE: NEM / TSX: NGT	NEM	--	--	NYSE	World's largest Au producer
02	Agnico Eagle Mines NYSE: AEM / TSX: AEM	AEM	--	--	NYSE	Canadian major
03	Barrick Gold Corporation NYSE: GOLD / TSX: ABX	GOLD	--	--	NYSE	Global Au+Cu
04	Franco-Nevada Corporation NYSE: FNV / TSX: FNV	FNV	--	--	NYSE	Largest Au royalty
05	Wheaton Precious Metals NYSE: WPM / TSX: WPM	WPM	--	--	NYSE	Major Au-Ag streamer
06	Gold Fields Limited NYSE: GFI / JSE: GFI	GFI	--	--	NYSE	SA + global Au — NYSE ADR
07	Kinross Gold Corporation NYSE: KGC / TSX: K	KGC	--	--	NYSE	Americas + West Africa Au
08	B2Gold Corp NYSE: BTG / TSX: BTO	BTG	--	--	NYSE	Mali + Namibia + Philippines

Ticker	Fund	Structure	Expense ratio	AUM	YTD	1Y
GLD	SPDR Gold Shares State Street	Physical	0.40%	—	—	—
IAU	iShares Gold Trust BlackRock	Physical	0.25%	—	—	—
PHYS	Sprott Physical Gold Trust Sprott	Physical	0.41%	—	—	—
SGOL	abrdn Physical Gold Shares abrdn	Physical	0.17%	—	—	—
BAR	GraniteShares Gold Trust GraniteShares	Physical	0.17%	—	—	—
GDX	VanEck Gold Miners ETF VanEck	Miners	0.51%	—	—	—

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