According to the latest information reported by the U.S. Money Reserve magazine, there are currently about 57,000 tons of gold left to be mined. While this number may seem quite high at its face value, just consider the fact that there is also more than a quadrillion tons of diamonds left under the Earth’s surface. Thus, 57,000 tons is a rather immaterial amount that is one of the main factors that play a role when it comes to classifying gold as a scarce resource.

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Written by lyceum
1724 days ago

Ivan: You are right about supply and demand. And it has to do with the fiat currency too. The value of the dollar is going down, due to the fact that it has no backing (i.e. no gold standard).

Best Premises,

Martin



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