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    Gold Is Getting Harder To Find

    June 11, 2024
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    Gold is becoming harder to find via excavation declares the World Gold Council.

    Told is used more as a store of value than an industrial metal like silver. As the US Dollar begins to lose its reserve currency status, and American debt explodes past unsustainable levels, governments and smart investors are buying gold at record rates.

    “We’ve seen record first quarter mine production in 2024 up 4% year on year. But the bigger picture, I think about mine production is that, effectively, it plateaued around 2016, 2018 and we’ve seen no growth since then,” WGC Chief Market Strategist John Reade said, reported CNBC.

    According to data from the international trade association, mine production inched up only 0.5% in 2023 compared to a year ago.

    In 2022, the growth was 1.35% year on year, the year before it was 2.7%, while in 2020, global gold production logged the first decline in a decade, sliding 1%.

    “I think the overwhelming story there is: after 10 years of rapid growth from around 2008, the mining industry is struggling to report sustained growth in production,” said Reade.

    You can talk with Advisor Metals about how to protect your IRA with precious metals as the world financial system as we know it faces collapse...

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    CDM Staff

    The mission at Creative Destruction Media is to be the catalyst for the "process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one."
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