Ann: Greater Westralia Mining Area - Mineral Resource Update, page-144

Thanks. Just viewing these four changes from a very restrictive perspective of gold here are my takes:

1) If the economic activities are going to shift from the west to the east, then gold will have to play a far more important role in the notion of what is wealth. This is based on historical link between gold the eastern culture.
2) Speed of technological change will not influence or impactful on gold.
3) Demographic change in society will impact on the velocity of money as the aging population will not longer be in the accumulation mode and therefore velocity of money will not be as high as one would expect in the 70 or 80 when inflation runs very hot and high. If GP is linked to inflation, then GP will not jump as high since inflation is not going to be high. I will be quite happy if GP can settle between 100-200% higher.
4) Greater global connectivity will not have much of an impact on GP.

What is your take?

Cheers.