“Let's stop criticizing our banks!”

More than ten years after the subprime mortgage crisis, all the light has not been shed, and yet the idea of ​​the guilt of the banks has taken hold firmly in people's minds. They are even blamed for the double fault, since after playing with fire and triggering the crisis, they allegedly asked for help from the States. This unanimous condemnation, the result of incomplete analyzes, is a heavy component of the bank bashing that has raged since then and unfortunately works against our interests. We are indeed at a critical moment when Europe, faced with the domination of American finance and the dollar, must develop its own financial capacities. The development of a strong pan-European financial sector is therefore essential if we particularly want to foster the emergence of future European gafas. 
If it is vain to hope for the complete disappearance of this bank bashing and, one might say, of the bashing market whose roots plunge both in history and in ignor…

The global gold supply will grow over the decade, supported by company mergers and high prices (Fitch)

Gold production will reach 133 million ounces in 2029, thanks to high prices and various mergers. This is what the Fitch agency predicts, which specifies that the increase will be supported mainly by Australia and Russia even if Africa will not be on the sidelines of this trend. 

The global gold supply will grow over the decade, supported by company mergers and high prices (Fitch)

According to a new report from analysis firm Fitch Solutions, published this month of August, global gold production will experience an average annual growth of 2.5% over the decade, against 1.2% between 2016 and 2019. Scope notably through mergers between mining companies and an excellent price of the yellow metal on the world markets, the supply will reach 133 million ounces in 2029 against 106 million ounces this year.

According to the agency’s experts relayed by Mining Weekly, the two countries that will benefit the most from this situation are Russia and Australia, respectively 3rd and 2nd world producer. Australia is expected to experience average annual growth of 2.2% with gold production rising from 11.7 million in 2020 to 14.2 million ounces by the end of the decade. At the eastern European giant, growth will be stronger with an annual average of 3.7% expected. Production will therefore reach 15.5 million ounces in 2029 compared to 11.3 million ounces this year. 

At the same time, China, the world's largest producer, is expected to perform underperformance over the decade, notably due to stricter environmental rules and the closure of several small mines. Annual growth should therefore fall to 0.2% on average against 3.1% over the previous decade.

In America, but also in Africa, we can expect to see production also increase, due to the constant interest of investors in new projects and the substantial funds invested by the companies in gold exploration.