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Is the World Tottering on the Precipice of Peak Gold?

Science  02 Mar 2012:
Vol. 335, Issue 6072, pp. 1038-1039
DOI: 10.1126/science.335.6072.1038

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Summary

Worldwide, gold production has hardly budged in the past decade. It's not for lack of demand. Gold may not fuel economies the way oil does, but gold for jewelry—its primary use—has been much in demand, and that demand will likely increase. Investors' interest could be intense for years longer. But to judge by the mining industry's modest success of late in finding new deposits of gold, production will not be much higher in the next decade. Miners and analysts agree that most of the easy-to-find, easy-to-develop gold has been found. To discover still-hidden deposits and at least maintain production, let alone increase it, miners will need continued high or even higher gold prices, revolutionary new technology, and the cooperation of often reluctant host countries.