vc_row] vc_column offset=”vc_col-lg-9 vc_col-md-9″ css=”.vc_custom_1452702342137{padding-right: 45px !important;}”] stm_post_details] vc_column_text css=”.vc_custom_1631718404852{margin-bottom: 20px !important;}”]Since the mid-XNUMXth century and the American gold rush, the The volume of gold extracted from mines and deposits has continued to increase. However, humans were exploiting the yellow metal well before this date. In the 46th century BC, gold mines already existed in western Turkey. In XNUMX BC, historians have also demonstrated that the Gauls knew how to successfully obtain gold ore. But then, how much gold has already been extracted in the world since the beginning of mining activity on Earth?
Gold, a limited resource
Gold as a precious metal is not an infinite resource. One day soon, it will probably no longer be possible to extract or even collect it, since it will have become difficult and perhaps even impossible to find gold. gold ore is indeed present on the planet in limited quantities, an original mass that gold mining companies have largely already discovered and exploited. The historical extraction record goes back to 2001, with more than 2 tons of gold extracted. In relation, the gold price was much lower than it is now, around 500 US dollars per ounce.
How much gold is left to be mined on Earth?
At the end of 2019, the World Gold Council estimated at 197,576 tonnes of gold present on the surface, which is divided between jewellery gold in the form of gold jewellery and gold watches, investment gold, gold bars, ingots and gold coins, technological gold and net purchases by central banks which constitute the gold reserves and stocks of States. Thus, the underground gold mining reserves still to be extracted are less than 54 tonnes at this date.
Note: 50% of the total volume of gold extracted from mines throughout human history was mined between 1960 and today!
According to experts, there is no reason to be alarmed, at least not immediately. Investors can still speculate and anticipate future crises by increasing their personal gold reserves.
Le Gold metal is virtually indestructible and recycles very well., which is also why it is so valuable. Which means that, if the virtuous circle of recovery and resale (antique jewelry, dental gold, electronic components, etc.) is put in place, even once all the gold in the world has been extracted from the subsoil, it will continue to be used and exchanged.
2021 and the boom in gold production
In 2020, particularly due to the financial and health crisis linked to COVID, the price of gold reached record levels exceeding $2 per ounce. The yellow metal then fully played its role as a safe haven, both with regard to States that have significantly increased their reserves, and individuals, more concerned with the purchase of investment gold coins or ingots.
After uninterrupted growth between 2008 and 2018, the world gold production marked time in 2019 before falling in 2020. A logical slowdown, estimated at 5,2% over the whole year, but more marked in the first half of 2020 due to the mandatory closures of extraction mines and companies in the technology sector, but also because of the drop in global trade in physical gold.
However, the forecasts are, on the contrary, rather optimistic. The analysis firm GlobalData predicts an improvement of up to +5,5% in 2021 to reach production of 113,9 million ounces over the year, followed by steady growth in global gold production of around +2,9% per year until 2024. The reasons here are the resumption of global economic activity and the widespread rollout of vaccination campaigns, which are gradually making the spectre of new restrictions recede. /vc_column_text] vc_row_inner css=”.vc_custom_1452700243026{margin-bottom: 39px !important;}”] vc_column_inner] vc_column_text]
Gold, still an attractive investment in 2021?
According to the most optimistic curves, the price of gold could reach $2 per ounce and even jump to $3 per ounce in 000. The current global context, even in recovery conditions, could indeed be favorable to a flight :
- Joe Biden announced a stimulus plan that could cause the dollar to fall,
- Interest rates are expected to remain low,
- The health crisis is expected to have many more economic repercussions in the months to come.
So it's probably wise to keep an eye on the Gold prices and the precious metals market, and to bet again on the purchase of gold for secure your achievements and your future. /vc_column_text] /vc_column_inner] /vc_row_inner] stm_post_bottom] stm_post_about_author] stm_post_comments] stm_spacing lg_spacing=”80″ md_spacing=”80″ sm_spacing=”30″ xs_spacing=”20″] /vc_column] vc_column width=”1/4″ offset=”vc_hidden-sm vc_hidden-xs”] vc_row] vc_column] epic_block_8 compatible_column_notice=”” number_post=”3″ post_offset=”0″ pagination_mode=”nextprev” pagination_number_post=”3″]
