gold, page-86093

When all else fails
look at Supply and Demand

According to the Russians - supply will slowly shrink
but I can't see demand shrinking

https://www.rt.com/business/501498-global-gold-mine-production/

World may be running out of gold with mine production in decline


While uncertainty created by the global pandemic has sparked a surge in gold buying, analysts are raising concerns over how much of the precious metal is left to mine.
According to the World Gold Council, gold mine production totaled 3,531 tonnes in 2019, which is one percent lower than in the previous year. That is the first annual decline in production since 2008.
Statistics showed that around 190,000 tonnes of gold has been mined in total. Estimates do vary but based on those rough figures, there is about 20 percent still left to be mined. Some experts say we have mined the most we ever can in any one year, others believe we may have already reached that point.