Gold: The Unhackable Asset Continues to Shine

Gold, an enduring asset that “cannot be hacked, erased or degraded,” has seen record-breaking prices recently.

Despite silver being mined more historically, gold remains a preferred asset for central banks, with over 1,000 tonnes added to reserves in each of the past two years. Gold mining has increased dramatically over time, from 6 tonnes in 1681 to 3,100 tonnes in 2015, with total supply reaching 4,898.8 tonnes in 2023.

While the gold price has recently dipped to a two-week low, it maintains its status as an unparalleled long-term store of value.