Gold supply to fall

Posted | 12/09/2014 / Views | 2546
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We’ve written recently about Gold Supply and Peak Gold and now the CEO of one of the world’s largest gold miners, GoldCorp says we will reach peak gold this year or next year and will never see production at these levels again (read the above links to see why).  In the same week the world’s 5th largest producer, Peru, said it is likely to see gold production fall 20% this year and then keep falling due in part to Government crackdowns on ‘informal’ mining.  It is unclear at this stage what that will mean to silver production in Peru, one of the top 2 producers in the world.