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Miners are Running Out of Gold- BBG

Scorpio

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#1
Miners are Running Out of Gold- BBG





by Soren K.
23/12/2016 9:25 AM

Gold Miners Are Running Out of Metal: Five Charts Explaining Why
Gold may have a volatile year and ended on a disappointing note. But dwindling supply, shrinking finances to get at what's left, and a potential "Peak Gold" event are raising eyebrows in the mining industry. - Soren K.

Mined Gold down 85% from 2006




Miner's Don't Have Capital to Spend on Projects






Reserves are Down 40% Since 2011




New Supply Will top out in 2019




Industry Consolidation Means Shrinking Production


Source

https://www.marketslant.com/articles/miners-are-running-out-gold-bbg
 

platinumdude

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#2
Didn't you hear? They are going to start mining the asteroids and moon for gold and platinum. Plenty up there for the taking for centuries.
 

ttazzman

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#4
Didn't you hear? They are going to start mining the asteroids and moon for gold and platinum. Plenty up there for the taking for centuries.
you would think ocean mining would be the next step.........when prices get where they need to be
 

Professur

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#6
I think they used Hoffman as a consultant for this