Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-329

Its not a prediction, that's what I'm hoping for but then you never know, as I said gold from 2001-2011 went up 4x, Bitcoin went up over 5x in 2.5 years, we have 4 years of Trump madness, expect the unexpected.
The demand for Gold has grown substantially since the bull market of 2001-2011, particularly from India and China.
S&P Global expects gold production to peak at 110 million ounces in 2026, but then decline to 103 million ounces by 2028. Most of the growth and subsequent decline is driven by a few key producing countries like Australia, Canada and the US.