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去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon

2025-11-11 来源: ACB 澳华财经 原文链接 评论0条

去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 1

( 图片来源:《澳华财经在线》) 

【财经要闻及评论

去美元化时代 黄金正在重塑全球“价值秩序”  |IMARC 专访Barton Gold(ASX: BGD)首席执行官 Alexander Scanlon

访谈整理|ACB News 《澳华财经在线》 证券编辑部

编者按

本文为 ACB News《澳华财经在线》在上月于悉尼举办的 IMARC 2025 国际矿业大会期间的独家专访。

ACB News 是一家荣获殊荣的澳大利亚双语财经媒体平台,创立于 2012 年。十三年来,ACB News 以专业、及时、深入的证券与金融市场报道,服务于数以万计的澳大利亚及亚太地区的产业资本、高净值投资者和专业人士。

人物简介 | Alexander Scanlon                                                                                                            

去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 2

Alexander Scanlon

Barton Gold Holdings Ltd(ASX: BGD)董事总经理兼首席执行官

Alexander Scanlon 是 Barton Gold 的创始人兼董事总经理,也是一位拥有二十年经验的金融经济学家,长期专注于金融分析、结构性融资与资源投资管理领域。

他曾任 PARQ Capital Management 董事总经理,并在 Lusona Capital 担任董事,专注于自然资源行业的企业顾问及自营投资业务。

职业生涯早期,他曾就职于巴克莱资本(Barclays Capital)主投部门,从事投资及资本市场相关工作。

Scanlon 分别获得美国圣克拉拉大学金融学与经济学双荣誉理学学士学位,英国牛津大学金融经济学硕士(MSc),以及剑桥大学管理哲学硕士(MPhil)学位。

引子

半个世纪前布雷顿森林体系的崩溃,开启了全球货币格局的新纪元。而今,世界货币体系正再次发生深刻的结构性转变。

正如本文受访嘉宾所言,随着地缘政治与全球贸易格局的加速改变,美元长期以来的主导地位受到公开且实质性的挑战——而中国正站在这场变革的前沿。与此同时,黄金作为人类历史上最悠久的货币形式,正重新彰显其货币功能与战略价值,成为全球资产配置与国家战略的重要支撑。

在悉尼举行的 IMARC 2025 国际矿业大会上,Barton Gold(ASX: BGD)董事总经理兼首席执行官 Alexander Scanlon接受 了ACB News(澳华财经在线) 独家专访,从历史与现实的双重视角,他系统阐述了全球金融体系的演变路径——分析自 1971 年以来的货币扩张、地缘政治竞争与贸易联盟重构如何共同推动黄金“重新货币化”的结构性进程。

Scanlon 强调,黄金的复兴并非短期金融现象,而是全球货币体系一次深层次、系统性的“纠偏”。

在他看来——

“与其说黄金正在被重新定义,不如说全球货币框架正围绕黄金在复兴的多货币体系中重新平衡。换句话说,过去 50 年是一个货币体系的异常阶段,所有市场与贸易流动都被人为强化的美元所扭曲——而这一切,正在被历史所修正。”

以下为基于访谈的文字稿

一、地缘政治转型与黄金的“重新货币化”

ACB News: 你曾提到,全球仍处于黄金 “重新货币化” (re-monetisation)的早期阶段。当前国际格局——包括贸易联盟重组、金砖国家(BRICS)倡议及更广泛的地缘政治再平衡——正在如何塑造这一进程?你预计这一转变将持续多久?

Alexander Scanlon:

“这一进程正在稳步改变全球金融市场的权力平衡,逐步削弱美元在国际大宗商品交易中的主导地位。

这一趋势的起点,是极具战略意义的‘能源去美元化’。能源是全球经济的基础层,也是产值和交易体量及规模最大的市场——能源市场的走势几乎决定所有其他市场的方向。”

“全球约三分之二的能源产量与消费来自‘金砖++’及新兴经济体,这些国家同时也是最大的能源进出口方。

因此,当越来越多的国家在去美元化目标上形成共识时,能源市场自然成为推动全球大宗商品结算体系去美元化的关键杠杆。”

去美元化的加速

“如今,去美元化的进程正在加速并扩展至其他市场。

最近,全球第二大贸易商品——铁矿石贸易出现标志性转变:必和必拓(BHP)宣布将接受约 30%的销售以人民币结算。

这一举措是一个里程碑事件,许多西方金融观察者尚未充分意识到它的深远意义——它标志着美元在全球商品市场的作用正在经历持续、系统且日益加速的削弱。”

美元储备地位的侵蚀

“美元在国际贸易中的相对价值下降,将进一步动摇其长期以来的‘唯一储备货币’地位。

当各国在采购大宗商品时对美元的需求减少,它们在美元(特别是美债)中的储备份额也会下降。

随着去美元化的推进,以及市场对‘美元武器化’的担忧增加,全球持有美元的意愿正在下降——这一趋势可能会长期持续。”

‘竞争性美元’与其后果

“面对全球对战略资源竞争的加剧,美国正在推行由美联储提供融资支持的产业政策。   

这将推动大宗商品价格上行,但在缺乏资本管制的情况下,也意味着 1971 年后美元储备体系的终结——美元正逐渐成为一种为获取全球商品而发行的‘竞争性货币’。”

“当美联储接盘外国投资者不再愿意持有的美债,而美国政府再用这些美元在全球市场采购商品与能源时——本质上,美国正在‘印钞并输出货币’。”

黄金重新货币化的“双重周期”

“当美元丧失其霸权储备地位,各国自然会减少对美元的敞口。而当美元被‘竞争性印发’时,其价值将随时间显著下降。

因此,持有贸易顺差的国家会将储备重新配置到其他资产中——其中黄金显然是核心选择。”

“我认为黄金‘重新货币化’与再估值可分为两个时间周期:

第一个是‘再平衡期’,黄金将在全球贸易结算体系中重新确立其均衡地位——我们可能会在未来十年内看到初步迹象;

第二个是‘通胀期’,这一趋势与货币扩张和长期地缘竞争密切相关,并可能成为持续性、长期性的现象。”

二、黄金作为战略与地缘政治对冲资产

ACB News:你认为黄金在新的时代背景下的角色正在如何演变?

Alexander Scanlon:

“关键在于,黄金正在重新成为国际贸易结算和储备体系的重要组成部分。随着世界逐渐回归到 1971 年以前的多货币贸易体系,大宗商品作为全球生产的基础正引领这一转变。”

“这一结果是‘金砖++’或‘全球南方’国家的自然选择——它们不再愿意因美元主导地位而受制于美国外交政策。

这种趋势源于对货币‘武器化’的担忧,以及对国家外汇储备安全的诉求。美国冻结俄罗斯所持美债(而非直接制裁俄罗斯)一事,让世界清楚地认识到:美债本身已成为地缘政治竞争的工具。”

“任何脱离美元体系的储备安排,都必须以其他资产替代。然而,各国能够持有的实物石油数量有限,因此全球需要一种‘新的高密度价值储藏形态’,而这种‘新储藏’要获得信任,前提是它必须具备地缘政治中立性。”

“黄金之所以迅速回归舞台中心,正是因为它具备这些特征——稀缺、高密度、全球通用、可在任意货币间自由兑换,且最重要的是,它不受任何单一政府控制。

因此,黄金是目前唯一真正意义上的地缘政治中立储备资产。”

“与其说黄金正在被重新定义,不如说全球货币体系正在围绕黄金在复兴的多货币市场中重新平衡。换句话说,过去五十年是一个货币体系的异常阶段,全球市场与贸易流动长期被人为强化的美元所扭曲——而这一切,正在被纠正。”

三、黄金市场的结构性乐观

ACB News: 许多国际机构都看好黄金的长期走势。你认为这种乐观是否意味着黄金正在重新被视为全球货币体系的一部分,而不仅仅是周期性的避险资产?

Alexander Scanlon:

“我认为,许多西方主流机构的‘乐观态度’实际上晚了十年。从 2016 年起,这些趋势已经逐渐显现,而他们直到现在才开始意识到这点——这说明他们对前述结构性变化的理解仍不完整。”

“人们往往会忽视那些与自己世界观不符的事实,直到这些事实已无法再被忽视。

对于那些长期受益于‘美元中心化’体系的市场参与者而言,他们从美元的发行、流通和交易中获利甚丰。”

“如今他们开始承认‘去美元化’的现实,反而证明这一进程在结构上已真正发生。但我认为,市场对这对黄金意味着什么的理解,还需要时间发酵。”

“全球市场距离回归 1971 年前的多货币贸易体系仍有很长的路要走。

在此过程中,黄金价格的短期波动在所难免,但长期趋势已十分明确且牢固。”

关于 Barton Gold(ASX: BGD)

Barton Gold Holdings Ltd(ASX: BGD) 是一家位于南澳大利亚的黄金开发公司,拥有超过 220 万盎司黄金及 310 万盎司白银资源,分布于 Gawler Craton 中部地区。

公司目前正在推进其 Central Gawler Mill 的第一阶段最终可行性研究(DFS),并开展 “第二阶段” Tunkillia 项目的储量转化钻探。

Barton 计划于 2026 年底实现首产,随后通过 Tunkillia 的开发将产能提升至年产 15 至 20 万盎司黄金,成为南澳最大的黄金生产商和澳大利亚下一家中型黄金生产企业之一。

去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 3

澳媒中国进博会观察:美中局势无阻信心 澳企加倍押注中国市场 

上周于上海举行的中国国际进口博览会上,从葡萄酒和牛肉生产商,到欧泊宝石和牛奶出口商,来自各个行业的澳洲企业均表示,尽管中美贸易争端带来的持续影响引人担忧,但中国消费者的需求正在反弹,购销渠道也畅通无阻。

《澳金融评论报》评论表示,澳大利亚企业正在摆脱对全球贸易战的担忧,他们相信“堪培拉与北京之间日益稳定的关系将比中美之间的动荡持续更久”,因而纷纷加倍努力地向中国市场扩张。

在本届博览会上澳洲企业签署一系列新协议,包括a2 Milk与中国农垦集团签订英文标签产品分销协议、Homart Pharmaceuticals与中国京东健康签署谅解备忘录、肉企Northern Co-operative Meat Company与大型物流企业达成合作,以及Bulla Dairy与叮咚生鲜签定协议等等。

报道称,由于美中之间的紧张局势,全球贸易仍处于不稳定状态。中国最新外贸出口数据的意外下滑,对在风险和供应链流动中摸索前行的企业而言,又增加一层不确定性。然而参加展会的澳大利亚出口商表示,无论如何,他们都将加倍押注中国。

a2 Milk首席执行官David Bortolussi在婴儿配方奶粉展区表示,“a2 Milk正加倍投资于我们的品牌,并计划在中国扩张。虽然存在挑战,但中国经济似乎正在企稳。”

昆州Bent Road酒庄的一位代表称,由于贸易风向随时可能改变,“所以我们一直行事谨慎。但中国的需求已经恢复,我们也想在竞争者大幅涌入之前抢先入市”。

报道称,美国不稳定的贸易政策加速了全球摆脱对美国市场依赖、实现多元化的进程。从欧洲到亚洲,各国政府和企业都在深化与新兴市场的联系,以对冲关税冲击和供应链波动的影响。

中国通过进博会等展会积极吸引外资,旨在凸显中国作为一个可预测的合作伙伴和增长更快的消费市场的形象,而这一市场并不受美国政治周期的影响。

预调鸡尾酒品牌Mr Consistent的一位代表称,选择转向中国,而不是美国,是因为后者市场环境的不确定性。“我们正试图在所有不同的市场都开展业务。如果某个市场关闭,你也不会失去一切。”

去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 4

降息“暂停”买家热情不减 全澳房产清盘率进一步攀升

降息前景日益渺茫并未挫伤买家热情,周末在挂牌房源数升至今年第二高水平的背景下,房产拍卖清盘率仍攀升至接近72%。

据《澳金融评论报》,步入春季销售旺季以来,从6月中旬开始全澳的初步清盘率一直保持在70%以上。据Cotality数据,上周末的初始清盘率达71.8%,为三周以来最高水平。

墨尔本的初步成交率大幅上升6.7个百分点,达到72.8%,悉尼略微下滑至70%。布里斯班和阿德莱德两个规模较小的市场也表现强劲,初步清盘率分别达到77.8%和78.2%。

对于最新数据,SQM Research则持谨慎态度,其主管告诫称,最终清盘率数据统计出来后可能并没有这么高。

他认为,市场远没达到“热潮”的程度。“如果你是卖家,在这个市场上出售房屋时仍需要迎合市场,否则你可能卖不出去。”

数据显示,目前市场中待售房源数量盘踞高位。未来一周内将有3270套房屋挂牌出售,预计将是自2024年3月以来拍卖最为繁忙的一周。

去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 5

锑矿板块先行者Locksley Resources(ASX:LKY)与Hazen Research合作 加速美国锑产业链建设

继本月初确认获得美国进出口银行(EXIM)潜在1.91亿美元融资意向后,Locksley Resources Ltd(ASX: LKY)上周最新宣布与美国冶金及国防材料加工机构 Hazen Research Inc. 签署非约束性谅解备忘录(MoU),为其加州 Mojave锑稀土项目的矿石代加工及商业化落地建立合作框架。此举标志公司正从技术验证阶段迈向商业化生产,并为构建100%美国本土锑供应链奠定基础。

据悉,Hazen Research将为Desert Antimony Mine(沙漠锑矿)提供冶金测试及代加工服务,包括工艺验证、试验工厂设计、工艺参数优化及样品生产,使Locksley在推进试验厂和商业化工厂建设的同时,即可生成工业级锑样品,用于美国工业及国防客户资质认证。

公司首席运营官 Danny George 表示:“通过锁定美国代加工产能,我们可以同步推进试验厂和商业化工厂建设,同时生成运营数据和产品,加快商业化进程,并确保早期市场供应,为股东带来价值回报。”

继10月底成功在美国实验室铸造100%美国制造锑锭后,Locksley已启动代加工生产、起步工厂建设及商业化工厂开发,并与莱斯大学(Rice University)合作优化湿法冶金提取参数、开发锑基新材料。与此同时,公司高管团队也与美国一流EPCM承包商和工程伙伴就项目推动交付展开讨论。

锑被美国列为关键战略矿物(Critical Mineral),广泛用于国防合金、能源储存及半导体材料,美国长期依赖海外供应,其中中国为主要生产国。Hazen Research的加入及EXIM潜在融资支持,使Locksley成为美国政府推动关键矿物供应链本土化战略的代表企业之一,并契合白宫及国防部重建本土加工能力的政策方向。

随着融资和代加工合作落实,Locksley已形成从矿山开发、试验生产到供应链整合的完整执行路径,并计划在未来数月内签署正式代加工协议。若项目顺利推进,公司有望成为美国首批实现“从矿山到金属”全流程国产化的锑供应商之一。

Hazen Research Inc. 成立于1961年,总部位于美国科罗拉多州,是矿物加工与精炼研发机构。

Locksley Mojave项目为美国少数高品位原生锑矿床之一,公司目标是在美国建立完整“从矿山到市场”产业链,成为美国制造关键矿物供应体系。

去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 6

Aurora Energy Metals(ASX:1AE)季报观察:美国铀项目剥离纳斯达克上市成看点

澳交所铀矿勘探开发公司Aurora Energy Metals(ASX:1AE)最新发布的截至2025年9月季度报告显示,公司旗下位于美国的Aurora铀项目(AUP)相关交易成为本季度最大亮点。

季报显示,Aurora全资子公司Oregon Energy LLC持有的AUP,将通过Eagle Energy Metals Corp.与纳斯达克SPAC公司Spring Valley Acquisition Corp. II合并,以实现Eagle在纳斯达克上市,上市后拟称为Eagle Nuclear Energy Corp。

交易完成后,Aurora将获得1,600万美元Eagle股票及未来里程碑激励,并保留AUP产量1%的净冶炼权利金。Eagle可通过支付对价回购全部或一半权利金。

报告期内的冶金优化实验显示,铀回收率稳定在82–86%,初始酸添加量大幅下降,流程简化、成本降低,同时浸出液回收示范成功,提升环保效益。

澳洲项目方面,Aurora继续推进其在西澳的勘探期权项目,并评估潜在的能源及关键矿产资产,为未来业务扩张做储备。

财务方面,截至9月底,公司现金约110万美元,无债务。公司最新股价0.095澳元,总市值约1,701万澳元,已发行股份1.79亿股,期权2,750万份。

Aurora表示,Eagle纳斯达克上市及AUP开发进程,将为股东提供间接参与美国核能及铀市场的机会。

去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 7

IMARC Exclusive | Barton Gold CEO Alexander Scanlon: In the Age of De-Dollarisation, Gold Is Re-Shaping the Global Value Order

By ACB News 

Editor’s Note

This interview was conducted by ACB News (澳华财经在线) as part of its exclusive IMARC 2025 coverage in Sydney. ACB News is an award-winning bilingual financial media platform established in Australia in 2012. Over the past thirteen years, it has become a trusted source of professional financial and securities market news, serving high-net-worth Chinese investors across Australia and the broader Asia-Pacific region.

Half a century after the collapse of the Bretton Woods system, the world’s monetary architecture is once again in transition. As geopolitical and trade realignments accelerate, the long-standing dominance of the US Dollar is now being openly – and successfully challenged, with China leading the way. As a result gold, the oldest form of money, is regaining its monetary and strategic relevance.

At IMARC 2025 in Sydney, Alexander Scanlon, Managing Director and CEO of Barton Gold (ASX: BGD), shared with ACB News his perspective on the evolution of the global financial order — tracing how post-1971 monetary expansion, geopolitical competition, and shifting trade alliances are driving a gradual but structural re-monetisation of gold.

Drawing upon both history and current market dynamics, Scanlon emphasises that gold’s resurgence is not simply a financial trend but a systemic, structural correction.

As he observes, “it would be more accurate to say not that gold is being redefined, but rather that the world’s monetary framework is being rebalanced around gold in revived multi-currency markets. Put another way, the past 50 years have been a monetary aberration, with all markets and trade flows distorted around an artificially strong US Dollar — and this is now unwinding.”

去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 2

About Alexander Scanlon 

Managing Director & Chief Executive Officer, Barton Gold Holdings Ltd (ASX: BGD)

Alexander Scanlon is the founder of Barton Gold and a financial economist with around 20 years of experience in financial analysis, structured finance, and resources investment management.

He previously served as Managing Director of PARQ Capital Management and as Director with Lusona Capital, specialising in corporate advisory and principal investments in the natural resources sector. 

Earlier in his career, he worked in the Principal Investments division of Barclays Capital. 

He holds dual BSc Finance (Honours) and a BSc Economics (Honours) from Santa Clara University, an MSc (Financial Economics) from the University of Oxford and an MPhil (Management) from the University of Cambridge.

The following is an edited transcript of the interview

I. Geopolitical Transitions and the Re-Monetisation of Gold

ACB News: You’ve previously observed that we’re still in the early years of gold’s “re-monetisation.” How are global developments — including shifts in trade alliances, BRICS initiatives, and broader geopolitical realignments — shaping this process? And over what kind of time horizon do you see this transition unfolding?

Alexander Scanlon:

“These processes are steadily adjusting the balance of power in global financial markets, eroding the dominance of the US Dollar in global commodity transactions. This process began – quite strategically – with the de-dollarisation of energy. Energy is the ‘base layer’ of the global economy; it is by far the largest market in terms of the aggregate value of all energy produced and traded, and as energy markets go, so too will go every other market.”

“Approximately two-thirds of global energy is produced and consumed by ‘BRICS++’ and emerging economies, who are also its largest importers and exporters. It is therefore an obviously convenient leverage point for the coordinated de-dollarisation of global commodities, once a large enough group of participants has aligned in this goal.”

De-Dollarisation Accelerates

“We have now seen de-dollarisation accelerating and it is now spreading to other markets, including quite recently iron ore – the second largest global commodity by trade value – with the recent news that BHP will accept payment for 30% of its sales in yuan. This is a seismic shift that many Western financial observers do not yet adequately understand, and it confirms a sustained, successful and growing erosion of the US Dollar’s role in commodity markets.”

Erosion of the Dollar’s Reserve Status

“The declining relative value of the US Dollar in international trade will further erode the Dollar’s previously ‘exclusive’ reserve status. If economies require fewer Dollars to acquire commodities, they will store less of their surpluses or reserves in Dollars or US Treasuries. To the extent that de-dollarisation is accelerating – and holding Dollars has become less attractive due to concerns of weaponisation – this trend will likely continue for a long time.”

A ‘Competitive’ Dollar and Its Consequences

“In the face of increasing geopolitical competition for strategic commodities, the United States is now adopting industrial policy financed by the Federal Reserve. This will catalyse commodity prices, but – in the absence of capital controls – it effectively requires the end of the post-1971 US Dollar reserve status as the Dollar becomes a ‘competitive currency’ issued to acquire commodities.”

“Where the Fed buys Treasuries no longer desired by foreign purchasers, and the US Government uses those dollars to purchase commodities globally, the United States is effectively printing and distributing money.”

The Two Horizons of Re-Monetisation

“If the US Dollar has lost its hegemonic reserve status, countries now require less exposure to it, and as it is being ‘competitively printed,’ the value of the Dollar must fall considerably over time. It will be far less attractive to trade and store value in Dollars, and surplus nations will direct more reserves into other assets including – at least in part – gold.”

“I think in terms of two time horizons for gold’s re-monetisation and continuing revaluation. The first is a ‘re-balancing’ horizon, where gold must rediscover its equilibrium participation in global trade, in terms of nominal value and share of net settlements for trade imbalances … we may see some approximation of this during the next 10 years. The second is the ‘inflation’ horizon … likely a perpetual trend.”

II. Gold as a Strategic and Geopolitical Hedge

ACB News: In an era of growing geopolitical fragmentation, where sanctions and currency rivalries are tools of statecraft, how do you see gold’s role evolving? Is it being redefined – not just as an investment hedge, but as a form of strategic security for governments and central banks?

Alexander Scanlon:

“The key element to consider here is the re-emergence of gold in net trade settlement, and as a store of reserves, as the world reverts to a pre-1971 multi-currency market for all trade, led firstly by commodities as the input to all global production.”

“This outcome is the natural conclusion of the ‘BRICS++,’ or the ‘Global South’s,’ desire to no longer be subject to United States foreign policy by merit of US Dollar dominance. This is being driven by fears of currency weaponisation and the safety of one’s reserve assets. The sanctioning of Russia’s US Treasuries – as opposed to Russia itself – made clear to the world that US Treasuries are now subject to geopolitical conflict and competition.”

“Any move away from US Dollars as the internationally accepted reserve asset requires a move to another, or several other, assets as a substitute. It is only possible to hold so much physical oil … Therefore a ‘new’ high-density store of value is required … and universal confidence in this ‘new’ store of value requires that it be geopolitically neutral.”

“The rapid re-emergence of gold to fulfil this role reflects its key characteristics – rare, high-density, universally accepted, fungible in all currencies, and most importantly not subject to the control of any one government. It is therefore the only true geopolitically neutral reserve asset available to fulfil this role.”

“It would be more accurate to say not that gold is being redefined, but rather that the world’s monetary framework is being rebalanced around gold in revived multi-currency markets. Put another way, the past 50 years have been a monetary aberration … and this is now unwinding.”

III. Structural Optimism in the Gold Market

ACB News: Many leading institutions — from Goldman Sachs to Deutsche Bank — remain constructive on gold’s long-term trajectory. Does this optimism reflect a deeper structural shift, where gold is again valued as part of a changing global monetary order rather than just a cyclical safe-haven asset?

Alexander Scanlon:

“I believe that much of the ‘early optimism’ from major ‘Western’ institutions is in fact 10 years late to recognise trends that were increasingly apparent from at least 2016. Therefore, this can only reflect an incomplete understanding of the dynamics discussed above.”

“The simple reality is that people tend to ignore patterns of fact that are generally inconvenient to their world view, until these facts become impossible to ignore. In this case, we refer to market participants favourable to a ‘US Dollar-centric’ ecosystem, as they have benefitted enormously from the printing, distribution and trading of that money.”

“The fact that they are now beginning to recognise de-dollarisation is confirmation that it has well and truly occurred in a structural sense. However, I suspect the broader appreciation of what this means for gold will take some time to mature.”

“We have a very long way to go to ‘normalise’ global markets to a pre-1971 multi-currency system of trade, and we expect plenty of short-term volatility in views about gold and gold prices, even as the long-term trend remains clear and intact.”

About Barton Gold (ASX :BGD)

Barton Gold Holdings Ltd (ASX: BGD) is a South Australian gold development company with over 2.2 million ounces of gold and 3.1 million ounces of silver resources across the Central Gawler Craton. The company is advancing its Stage 1 Definitive Feasibility Study at its existing, fully permitted Central Gawler Mill, and Reserve conversion drilling for its ‘Stage 2’ Tunkillia development project. Barton is targeting first production by late 2026, with the development of the Tunkillia project thereafter lifting Barton to long-term production of 150,000 – 200,000 ounces gold per annum, making it South Australia largest pure play gold producer and Australia’s next mid-tier gold producer.

Disclaimer

The information provided on this website is for general informational purposes only and does not constitute financial or investment advice. While every effort is made to ensure accuracy, we do not guarantee the completeness, reliability, or timeliness of any content. Investment involves risk. Always seek independent, professional advice before making any financial decisions.  

去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 9

澳洲公务人员工资支出飙涨7.5%  2500亿澳元庞大工资账引质疑

澳统计局周四发布的报告显示,截至6月底,约有260万澳人在公共服务部门就业,较2024年6月的250万人增长3.3%。

公共部门的工资支出从2023-2024年底的2320亿澳元增长到2024-2025年的2500亿澳元,涨幅7.6%,州、联邦和地方政府的工资账支出分别为1910亿澳元、409亿澳元和176亿澳元。

澳媒报道称,自2022年当选以来,阿尔巴尼斯政府一直奉行雇用公务员以减少聘用顾问的策略,但公务员工资增长规模显然已经超过所节省的开支,这一做法实际上带来了更高的赤字。

公共部门职位和工资的增长再次引发经济学家和反对党的质疑,即联邦政府在削减结构性支出和修复预算方面的措施是否足够有效。

去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 10

经济学家预期澳储行止步降息或促使房价涨幅放缓

澳洲现金利率自2月份4.35%的高位逐步下调至目前的3.6%,连续降息刺激之下,房地产市场日趋火爆。

据Cotality数据,10月份澳洲房价上涨1.1%,达两年来最快月度增速。

然而分析人士认为,在高通胀环境下,澳储行进一步降息的前景较为渺茫,这将会影响房产市场。

据《澳金融评论报》,汇丰银行首席经济学家Paul Bloxham表示,“我们认为,澳大利亚央行将无法进一步降息,而这将给房地产市场降温。过去几个月房价快速上涨,但预计未来一段时间,这种涨势将会放缓。

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去美元化时代 黄金正在重塑全球“价值秩序” |IMARC 专访(ASX: BGD)首席执行官 Alexander Scanlon - 11

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