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As 2006 Dawns... Is the World really running out of Gold ?
Posted on 01/02/2006 23:33:00 | Link | Post Comment
With 2005 Gold production reportedly at its lowest production levels in almost a century, the evidence is highly compelling:
The deep and once very gold-rich South African Mines are mined out - Some say Australia is also tapped out - US remains prospective as a growing annual demand to supply deficit estimated at 1,220 tons cannot be sustained indefinitely by banks. According to the US Geological Survey USGS, they anticipate only 50,000 tons of Gold available for future recovery, another alarming statistic that could soon inspire panic buying as we're consuming Gold at a rate of 3,760 tpa, with just 13 years left!
Gold values have been rising for 5 years in a row and since September 2005 have been soaring, reflecting a variety of fears that include the possibility that within 2 or 3 decades, the World could run out of mineable Gold. The most precious of all metals that for thousands of years has been the ultimate store of wealth and legend of Gold rushes and mining bonanzas in times past, as new discoveries have continued to be made, may finally be reaching finite limits of production and sustainable output. In recent years sharply awakening revelations that demand for Gold may already be outstripping supply by as much as 1,500 tons per annum is a stunning dimensional statistic that in of itself, is a truly alarming wake-up call as to the future availability of Gold in a World where speculation, hoarding and profiteering, now only just beginning, could run rampant...
The almost unbelievable possibility that the World could really run out of mineable resources even within 20 or so years, places a huge premium on any proven resource of One Million ounces or more. We will be discussing our Gold strategy on CFRN @ 9:30AM EST.
Trade Safe
From the Desk of CT
The deep and once very gold-rich South African Mines are mined out - Some say Australia is also tapped out - US remains prospective as a growing annual demand to supply deficit estimated at 1,220 tons cannot be sustained indefinitely by banks. According to the US Geological Survey USGS, they anticipate only 50,000 tons of Gold available for future recovery, another alarming statistic that could soon inspire panic buying as we're consuming Gold at a rate of 3,760 tpa, with just 13 years left!
Gold values have been rising for 5 years in a row and since September 2005 have been soaring, reflecting a variety of fears that include the possibility that within 2 or 3 decades, the World could run out of mineable Gold. The most precious of all metals that for thousands of years has been the ultimate store of wealth and legend of Gold rushes and mining bonanzas in times past, as new discoveries have continued to be made, may finally be reaching finite limits of production and sustainable output. In recent years sharply awakening revelations that demand for Gold may already be outstripping supply by as much as 1,500 tons per annum is a stunning dimensional statistic that in of itself, is a truly alarming wake-up call as to the future availability of Gold in a World where speculation, hoarding and profiteering, now only just beginning, could run rampant...
The almost unbelievable possibility that the World could really run out of mineable resources even within 20 or so years, places a huge premium on any proven resource of One Million ounces or more. We will be discussing our Gold strategy on CFRN @ 9:30AM EST.
Trade Safe
From the Desk of CT
- The Ultimate Gold Hedge
- The Ride Of Your Life
- A Pre-valentine's Day Rally
- Gold Soars As Wall Street Falters
- Dreamtime On Wall Street
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
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- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
Examples
Morpheus Trading - Mon Jul 21, 2008 08:33AM
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them if [read more]
Morpheus Trading - Mon Jul 21, 2008 08:31AM
NOTE: Please click on the charts below to enlarge them i [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
Millionaire Now! by Larry Nusbaum - Tue Jul 22, 2008 09:23AM
Hedge funds have made billions this year shorting the banks, [read more]
Hedge funds have made billions this year shorting the banks, [read more]
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