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Gold in an era of drones, deep mines, and dedollarization

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McKinsey & Company/Simon London interviews Greg Callaway and Oliver Rambsbottom/January 2020

image of 500 gram gold bar with chart in background
“What we’re seeing, potentially, is a move to dedollarize the global economy. We think that that’s going to increase the role that gold has: maybe not moving back to a gold standard but certainly having a larger role to play, which we think would be positive for gold prices.”

USAGOLD note:  McKinsey is the highly-regarded international consulting group. This interview centers around longer-term trends in the gold mining industry but draws some notable conclusions on the metal itself.