Analysis Of Global Gold Investment

Gold is one of the strongest risk-resistant minerals.It has unmatched investment value compared with other minerals.As the largest mineral in the field of non-ferrous metals exploration,it has always been the focus of investment for major mining companies around the world.At any time in the past,gold has always been the "darling" in the mineral exploration industry.China is the largest gold producer and consumer,but its output is far below its consumption.Domestic gold production has been in the state of over-exploitation and begun to decline in the past two years,but the gold actual consumption continues to increase.At present,the domestic setup of gold mining industry has been generally determined.With the increasing pressure of environmental protection,the investment opportunities of domestic gold mining are more limited.Chinese mining companies can learn from the experience of foreign top mining companies and cooperate to develop gold resources overseas.Focusing on gold mining investment,this research comprehensively analyses the global gold resources from its distribution and potential,as well as the exploration and development,to the supply and demand situation.At the same time,on the basis of the factors of resources,infrastructure,politics,policy and mining in active investing countries,the key investment-selected countries are divided into mature and immature areas.The analytic hierarchy process(AHP)is used to evaluate the index systems of the two sets of gold mining investment constituencies separately,and for the first time,a “one-vote veto” is applied in the indicator system to eliminate the decisive but unreasonable impact of individual indicators on gold investment.This paper has achieved the following results:(1)Since 2017,the global situation of non-ferrous mineral exploration has begun to pick up,but the domestic market continues to decline;The future development direction of China's mining companies must be to seek cooperation overseas,And focus on hotspots such as Canada,Australia,and Africa.(2)Compared with other minerals,the price of gold is relatively stable,and therefore gold is one of the most valuable investment products;the global gold mine output has reached its peak,and the demand for gold will remainstable in the future;with the newly discovered gold resources less and less in the coming future,the supply of gold in the world will face enormous challenges.(3)The setup of domestic gold mining industry has been established,thus there are not many investment opportunities.It is recommended that China's mining companies put their horizons in global,in areas with relatively mature gold investment conditions such as Australia,Canada,South Africa,Chile,Peru and so on,where is possible to focus on equity participation in production projects or other mining companies.In area with ?relatively immature investment conditions such as Colombia,Ghana,Bulgaria,Indonesia,Kazakhstan and Brazil,the companies can focus on the acquisition of early exploration projects,Participate in the whole process of mineral exploration and mining development...