Tag: Limits on Gold Supply the World Is Running out of Gold

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Gold Deposits are Running out

SNL Metals Economics Group, one of the most reliable sources for information on the global mining industry, tracks the discovery of gold deposits and precious metals. According to SNL, major gold deposits can be classified by containing at least two million ounces. Now, let’s consider the reduction in key gold deposit findings over the years: From the chart below, twenty-two…

Empty Gold Mine

Limits on Gold Supply The World is Running out of Gold

The world is running out of gold. It is projected to be in short supply a few decades from now. This is because in contrast to commodities that can be created like currency, real estate, bonds, etc, no one can create gold. The availability of gold depends on supplies availed by nature. If we don’t discover new gold sites to…