As you can see, gold discoveries, both in numbers and number of ounces have collapsed by 90% in 10 years. It means that mining gold from the ground is getting more and more difficult and that gold, already a very scarce commodity, is become exponentially more scarce.
2009-07-27
Gold disoveries since 1997
This is another interesting chart from the latest edition of the Gold Investment Digest published by the World Gold Council:
As you can see, gold discoveries, both in numbers and number of ounces have collapsed by 90% in 10 years. It means that mining gold from the ground is getting more and more difficult and that gold, already a very scarce commodity, is become exponentially more scarce.
As you can see, gold discoveries, both in numbers and number of ounces have collapsed by 90% in 10 years. It means that mining gold from the ground is getting more and more difficult and that gold, already a very scarce commodity, is become exponentially more scarce.
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