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Gold deficit threatens!

Gold is enjoying growing popularity. But if things get tight, there's a threat of hamster buying

By 1835, not even 20,000 tons of gold had been brought to light. It is estimated that about half of the gold mined since 1967 has been mined. To date, an estimated 190,000 tonnes of gold have been mined worldwide. Most of it was taken out of the ground in the 20th century, namely about 110,000 tons. In the 21st century, it's likely to have been about 50,000 tons of gold so far.

According to the Geological Survey, only around 57,000 tonnes can still be extracted - at least in sufficient concentration and under economic conditions. Based on the current production volume, the end would be reached in about 20 years. The World Gold Council also estimates that only 54,000 tonnes of gold can be sensibly mined.

The consequences are obvious. Production costs will rise as new gold deposits become increasingly difficult to find. In 2004, an ounce of gold cost about 300 US dollars to produce, whereas in 2014 it was 800 to 900 US dollars. Today, production costs have settled at about 700 to 1000 US dollars per ounce of gold.

Nevertheless, there could be a real gold deficit towards the end of the 2020s. Gold should continue to be in demand as a means of preserving value in the future. So you should position yourself in time, perhaps with stocks of Steppe Gold or White Gold.

With its ATO gold project in Mongolia, Steppe Gold - https://www.commodity-tv.net/c/search_adv/?v=298802 - is on the verge of becoming a producer, as the first gold is to be cast before June. For example, drill results returned up to 212 grams of gold and 49.3 grams of silver per ton of rock.

White Gold - https://www.commodity-tv.net/c/search_adv/?v=298807 - also showed excellent drilling results (up to 1,000 grams of gold per tonne of rock). The Company's more than 400,000 hectare property in the Yukon is equivalent to approximately 40 percent of the Yukon Gold Quarter.

Current company information and press releases from White Gold (https://www.resource-capital.ch/en/companies/whitegoldcorp.html) and Steppe Gold (https://www.resource-capital.ch/en/companies/steppe-gold-ltd.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html

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PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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