-- Posted Sunday, 24 November 2013 | | Disqus

How Rare are 1 million+ oz gold deposits? A Meticulous Examination of Existing and Future Gold Supply

— View the full 40 page PDF report. — - See more at: http://www.visualcapitalist.com/global-gold-mine-and-deposit-rankings-2013#sthash.2BlUEKuN.dpuf

Conclusion

Led by countries such as Russia and China, central banks have recently become net buyers of gold. Meanwhile, ETF gold outflows have been a temporary source of supply this year, but obviously this cannot persist. It’s also unreasonable to assume that recycling will make up a significantly greater piece of supply without the price of gold increasing substantially.

With the grade of current producing gold mines being 32.6% higher than undeveloped deposits, it makes the supply scenario even more clear. Not only is the current yearly mine supply difficult to sustain, but future mines coming online will be challenged by grade and margins to be economical at today’s prices.

Mathematically, unless we have high-grade, high ounce deposits that are being fast tracked online, it will be very difficult to find a way to get supply to match demand.

- See more at: http://www.visualcapitalist.com/global-gold-mine-and-deposit-rankings-2013#sthash.2BlUEKuN.dpuf

-- Posted Sunday, 24 November 2013 | Digg This Article | Source: GoldSeek.com

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