Gold Supply: Have We Hit Peak Gold?

Doomsayers claim gold production is past its peak and we’ll see less and less gold being mined. In their eyes, such a peak in gold supply should drive the price higher very quickly.

But is the hype true? Not according to BMI Research, who released a research paper claiming gold production will rise in the coming years. ¬†Citing successful explorations and a few weaker currencies, BMI forecasts 2.1% growth into the near future for gold production. Bet you can’t guess who the leading country is expected to be?

We’ll let you think about that, then go read today’s featured article to find out who it is.

Related: Will Russia’s Gold be Frozen by the US?¬†

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated from UC Berkeley with a business degree, then worked with Macy's in their operations arm. He left Macy's and spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined Waddell & Reed as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where Mike worked first for a small manufacturing consulting company, then Cornell University. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoke at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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