WEBSERVICES
LOGIN

An exclusive service for CoinNet and SportsNet dealers!

The Race is On: When Will the World Run Out of Gold?

Gold is famous for its rarity and that likely won’t change any time soon. In fact, the global demand for gold hit a decade peak in 2022 while its supply continues its nearly 7-year plateau. So gold is in high demand, but will it run out any time soon? The Earth has a limited amount of gold in its crust and experts are estimating that it may be unsustainable to mine gold by 2050. Compared...

Read more ...

Why Central Banks Drove Global Gold Demand to Decade High in 2022

Global gold demand rocketed to a new decade high in 2022 and it wasn’t retail buyers or investment firms driving the increase. It was the central banks. According to a report by the World Gold Council (WGC), central banks purchased the most gold since 1950 in 2022. It revealed that central banks purchased a whopping 1,136 tons of gold in 2022, an incredible 152% increase...

Read more ...