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29th June 2010, 05:44 AM
Gold Mines and Discoveries are in Short Supply
Major gold mining companies are facing a big problem. They are unable to find and develop enough ounces to keep up with demand, for the simple fact that economic gold deposits are extremely rare. The chart below (Fig. 2) of global gold mine production during the past 30 years demonstrates this fact. Production shows a very simple trend: it rose until about 2000 and has fallen since then. This reduced production occurred even as the price of gold has increased nearly 400% in the past 10 years. This incongruity tells us something fundamental—there’s a problem.
The rest here: http://www.theaureport.com/pub/na/6656
Major gold mining companies are facing a big problem. They are unable to find and develop enough ounces to keep up with demand, for the simple fact that economic gold deposits are extremely rare. The chart below (Fig. 2) of global gold mine production during the past 30 years demonstrates this fact. Production shows a very simple trend: it rose until about 2000 and has fallen since then. This reduced production occurred even as the price of gold has increased nearly 400% in the past 10 years. This incongruity tells us something fundamental—there’s a problem.
The rest here: http://www.theaureport.com/pub/na/6656