Gold deficit threatens!
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).
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