
This graphic is inspired by In Gold We Trust Chartbook that was released in October 2024, where the gold price is compared to macro & market key figures during different periods.
The chart shows how these assets and figures changed during the period 1990 to October 2024. Even though gold has risen significantly in price, i still lags behind monetary and debt expansion, as well as the performance of the S&P 500. Can gold close this gap in the coming years?
Source: treasury.gov, Federal Reserve St. Louis
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Ghana is one of the world's most significant gold-producing countries, and in 2025 it remained the largest in Africa, with national output reaching about 6 million ounces. But the numbers are only the surface. Ghana's gold reaches back more than two billion years into the rock beneath it, shaped by ancient mountain-building forces and worked by human hands for well over a century.

When LONGi Green Energy, the world's largest solar module maker, told investors on January 5, 2026 that it would begin mass-producing base-metal solar cells in the second quarter, it put a number on a pressure the whole industry feels. Solar is the largest single application within silver's industrial demand, and as the metal ran to a record above $121 an ounce in January, rising silver costs pushed manufacturers to accelerate efforts to reduce the metal per cell.

In early 2026, the artificial intelligence narrative shifted abruptly from software capabilities to physical hardware constraints. With tech giants committing hundreds of billions to new infrastructure—pushing global hyperscaler capital expenditures past $600 billion this year—the industry has collided with a new primary bottleneck: a severe power and thermal crunch.

Somewhere inside a pressurized-water reactor, an alloy that is four-fifths silver is absorbing neutrons to keep the core in check, a job most silver investors have never heard of. It is a useful reminder that the metal people picture as coins and jewelry mostly works elsewhere, across industry.





