Gold Supply at Tipping Point: Is Peak Gold Near?

Peak gold is a very deep subject. Just when you think you finally understand it all, a new wrinkle emerges.  Recently the world faced down peak oil, with US output doubling the 2007 lows in 2017 thanks to technologies unknown when peak oil was first predicted in 1970. Will the same be true for our gold supply?  

Gold is, after all, much more rare than oil in terms of weight; one fascinating tidbit about gold is that there is less gold above ground than one hour’s worth of crude steel production. Back in May the CEO of one major gold miner declared “we found it all”, seeming to affirm peak gold theorists.

Others say there is still plenty of gold out there, pointing at other factors giving the illusion of peak gold. There’s no doubt gold mining processes have improved so that more gold can be extracted than ever before, but will it be enough to push back peak gold?

The author of today’s featured article thinks… oh, let’s not spoil the surprise. And since the article is full of good information, we think it’s well worth your time.  You’ll find it here.

 Related: This Surprising Factor Might Be Holding Back Gold Prices. 

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as a continuing theme. Mike graduated with a business degree, then worked with Macy's. After Macy's he 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 a well-known financial planning firm 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 he worked first for a small manufacturing consulting company, then a major 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, spoken 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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