DeepGold Research
Independent research on gold, macro, and wealth preservation
Structured research covering the drivers of the metal — real yields, central-bank demand, mining supply, inflation, and the dollar cycle.
Gold 2026 Outlook: The Structural Bid
Central bank demand, sticky real yields, and reserve diversification define a multi-year regime for gold. Our full-year framework.
Central Bank Gold Purchases: The Country Rankings
Who is actually buying — reported vs. estimated — and what reserve composition tells us about the next five years of demand.
Silver's Structural Deficit: A Primer
Four consecutive years of physical deficit, driven by solar and electrification, meet an inelastic by-product supply base.
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Editor's picks
Gold 2026 Outlook: The Structural Bid
Central bank demand, sticky real yields, and reserve diversification define a multi-year regime for gold. Our full-year framework.
Central Bank Gold Purchases: The Country Rankings
Who is actually buying — reported vs. estimated — and what reserve composition tells us about the next five years of demand.
Real Yields and Gold: The Framework
The most durable macro correlation in the metals complex — how it works, when it dominates, and when it breaks.
Latest research
Gold 2026 Outlook: The Structural Bid
Central bank demand, sticky real yields, and reserve diversification define a multi-year regime for gold. Our full-year framework.
Central Bank Gold Purchases: The Country Rankings
Who is actually buying — reported vs. estimated — and what reserve composition tells us about the next five years of demand.
Real Yields and Gold: The Framework
The most durable macro correlation in the metals complex — how it works, when it dominates, and when it breaks.
Silver's Structural Deficit: A Primer
Four consecutive years of physical deficit, driven by solar and electrification, meet an inelastic by-product supply base.
Inflation Dashboard: What Actually Matters for Gold
Headline vs. core, goods vs. services, breakevens vs. realized — a working guide to the inflation prints that move the metal.
Gold Mining: AISC and the Margin Cycle
Record gold prices have not delivered record margins. Why the cost curve matters more than the spot print for producer equities.
The Dollar Cycle and Precious Metals
A structural framework for the DXY — and why the current move looks like the early innings of a multi-year top.
How We Forecast the Gold Price
A transparent look at the model, the inputs, the assumptions — and the honest error bands.
Platinum and Palladium: The Forgotten PGMs
Autocatalyst demand is falling with EV adoption — but supply is falling faster. A quiet setup in the platinum group.
Oil and the Gold-Oil Ratio
The most under-used commodity cross-signal. What extreme readings have historically implied — and where we are now.
Gold Chartbook — Q3 2026
The 25 charts we are watching this quarter: real yields, central-bank flows, positioning, and cross-asset signals.
De-dollarization: Fact vs. Fiction
The dollar's reserve share is falling — but slowly. Here is what the data actually shows, and what it implies for gold.
Editorial disclaimer: DeepGold research is independent and informational. Nothing on these pages is investment advice.