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You will come to the end of the gold in the world?
There is a shortage of gold in the world you’ll learn here why.
Living in India and China rises and rises, and as a result, demand for gold also rises. For example, the growing middle class in China and although this increase is only a small percentage of China’s population overall, however, at the same time greater than the population of the United States.
The Chinese Government encourages citizens to buy gold, and there is a lot of demand for gold in China alone. The same thing happens in India, with India continuing to rise.
The additional demand by investors cautious and patient, who do not receive the results you expect from bond investments.
end of the gold in the world
As the largest gold prospector in the world, Barrick Gold, note that finding more and more gold, it became harder and the graph below shows how the discoveries of gold back down quickly, and we know what that means. The value of gold, quite apart from the falling dollar or rising, will rise as demand will exceed supply.
Barrick said, “the current world mine production almost within, 85 million ounces a year, whereas the last time I found the industry, this amount of ounces in the year 1999.”
“Despite the dearth of new discoveries, there was a significant increase in exploration spending since 2002 as the discoveries not cover exploration expenditures doubled to more than double from $ 2.5 billion to more than $ 5 billion”
But what about gold mining profits that we hear about?
Certainly with the high price of gold, there is more space in existing mines. But the increased costs of gold mining, are not only related to search for new discoveries, but also conditional resources exist (such as fuel, labour, infrastructure) and all its price doubled during the last few years, starting new mines required millions of dollars and that’s assuming that the mine will be compensated for these costs.
In addition to all the gold, easy to find, discovered and now there is a chronic shortage of gold.
As there is still a large gold mines, but in remote and inhospitable areas or expensive to access. This chronic shortage of gold means that the gold price will continue to increase, perhaps now is the best time to buy gold.
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