Inflation, China’s stumbling economy, and apocalyptic fear are driving a new gold boom. Investors think this time there’ll be no bust

Main Idea: Barrick Gold, Newmont’s Nevada Gold Mines, and a new wave of buyers are helping drive a gold boom as investors seek safety from inflation, debt, and global uncertainty.

Key Points:

• Nevada Gold Mines in Elko, Nev., is now the world’s most productive gold mining site, showing how the industry has shifted toward large, cautious, long-term operators.
• Gold prices have surged to record highs over the past two years, boosted by central bank buying, lower interest rates, and fear about the economy and geopolitics.
• China is a major force behind the rally, with weak real estate and stock markets pushing both its central bank and consumers toward gold.
• Western investors are also starting to return to gold, but the article says the supply side remains tight because miners are not rushing to expand output.