gold, page-48689

Miners and goldbugs will of course peddle the loony theory that gold is running out and production is declining. Here's a quote from the CEO of Goldcorp saying that 2014 or 2015 will be 'peak gold'. Obviously it wasn't. The notion that gold is running out or will be unobtainable is preposterous, gold isn't consumed and new technology ensures that more gold is accessible.


Charles Jeannes, the CEO of Goldcorp, the world's largest gold miner by market capitalization, stated in September 2014 that Peak Gold would be reached in either 2014 or 2015. "Whether it is this year or next year, I don't think we will ever see the gold production reach these levels again," he claimed. "There are just not that many new mines being found and developed."