Peak gold means that gold production is no longer growing. The peak has been reached and production is falling.
For the past 100 years, production of the precious metal has grown by about 1.8 percent annually. At peak gold, the mining industry cannot ramp up production to meet rising demand. And if gold really becomes scarcer, then prices only know the way up as long as demand remains constant or even increases. The highest gold production has probably been reached so slowly. A plateau has been forming since 2018. Now the fact is that in the case of gold, without recycling, it is not possible to mine enough to meet annual demand. In 2021, gold demand was 4,021 tons and gold mines produced 3,560 tons of gold. A deficit is expected not only in gold, but also in silver. If investment demand increases, and in the case of silver also industrial demand, and if the Fed has to shift down a gear in its interest rate hikes so as not to trigger a recession, then the prices of gold and silver are likely to rise.
In 2021, gold supply decreased by one percent compared to the previous year. Gold recycling saw an eleven percent decrease. Overall, less gold was mined in 2021 than in 2019 and less than in 2018. Thus, gold supply, including jewelry recycling, totaled 4,666 metric tons in 2021. In contrast, demand totaled 4,021 tons. Demand was particularly outstanding in the fourth quarter of 2021, increasing by nearly 50 percent and rising to a ten-year high. However, if jewelry recycling is subtracted, there is a deficit of 460 tons of gold in 2021. Gold is thus a scarce and valuable commodity. Companies that own the precious metal in the ground include Fury Gold Mines and Chesapeake Gold, for example.
Fury Gold Mines - https://www.youtube.com/watch?v=Omw4Pw5pyr4 - has excellent gold projects in Nunavut and Quebec. Up to 45 grams of gold per tonne of rock yielded recent drill results at the Eau Claire Gold Project in Quebec.
Chesapeake Gold has sole ownership of the world-class Metates project in Durango, one of the largest undeveloped gold and silver deposits in the world.
Latest corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer:
The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
For the past 100 years, production of the precious metal has grown by about 1.8 percent annually. At peak gold, the mining industry cannot ramp up production to meet rising demand. And if gold really becomes scarcer, then prices only know the way up as long as demand remains constant or even increases. The highest gold production has probably been reached so slowly. A plateau has been forming since 2018. Now the fact is that in the case of gold, without recycling, it is not possible to mine enough to meet annual demand. In 2021, gold demand was 4,021 tons and gold mines produced 3,560 tons of gold. A deficit is expected not only in gold, but also in silver. If investment demand increases, and in the case of silver also industrial demand, and if the Fed has to shift down a gear in its interest rate hikes so as not to trigger a recession, then the prices of gold and silver are likely to rise.
In 2021, gold supply decreased by one percent compared to the previous year. Gold recycling saw an eleven percent decrease. Overall, less gold was mined in 2021 than in 2019 and less than in 2018. Thus, gold supply, including jewelry recycling, totaled 4,666 metric tons in 2021. In contrast, demand totaled 4,021 tons. Demand was particularly outstanding in the fourth quarter of 2021, increasing by nearly 50 percent and rising to a ten-year high. However, if jewelry recycling is subtracted, there is a deficit of 460 tons of gold in 2021. Gold is thus a scarce and valuable commodity. Companies that own the precious metal in the ground include Fury Gold Mines and Chesapeake Gold, for example.
Fury Gold Mines - https://www.youtube.com/watch?v=Omw4Pw5pyr4 - has excellent gold projects in Nunavut and Quebec. Up to 45 grams of gold per tonne of rock yielded recent drill results at the Eau Claire Gold Project in Quebec.
Chesapeake Gold has sole ownership of the world-class Metates project in Durango, one of the largest undeveloped gold and silver deposits in the world.
Latest corporate information and press releases from Fury Gold Mines (- https://www.resource-capital.ch/en/companies/fury-gold-mines-ltd/ -).
In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.
Disclaimer:
The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/
