PEAK GOLD? & WHEN?

SO! What does the future hold for Gold?

By Wayne McCrae

First: Where we are right now: 3rd June 2024.

World Gold Council says, “physical gold trades in 2023 were 4,397 tonnes, being, 1,100 tonnes more than the total Global mine production of 3,297 tonnes of Gold estimated by the US Geological Survey (USGS)

Australia produced 379 tonnes Gold in 2023, from 321 tonnes in 2021.

Analysts forecast a compound average growth of 3.5% to 2025 as new projects and expansions come into play.
Who knows where Gold price is headed.
What we can glean from the industry with continuing inflationary concerns within the Gold mining industry, including, but not limited to costs of mining, royalties, costs associated with, mining contractors, geologists, mining engineering, staff, employees, metallurgical costs, processing plants, machinery, administration, ASX costs for administrative and compliance are all contributing factors, for forcing the costs to mine for Gold, to unstable levels.
So what does this mean?

“PEAK GOLD”
Gold is like any other mineral natural resource, they are all finite, nothing lasts forever. At some point the world supply will run out, the question is when?
One primary concept is known as “Peak Gold”. Peak is defined as the point of which global Gold production has reached its highest level. (max ever global tonnes of gold produced in a year). There are debates on when “peak Gold” will occur, but most estimates place it as being in the next decade. Some believe we may have already passed that point already.
After, Peak Gold is reached, the global output of gold will decline, until all deposits of Gold that are economically viable to exploit, have been extracted. Based on known global reserves that will be in 2050.

This is a research report by Kitcogold, based on multiple reliable analysts, industry players, World Gold Council and other factors from multiple sectors of the Gold industry.

Goldman

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