Something else to consider. An article posted by the outsider...

Something else to consider. An article posted by the outsider club.

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0	The Peak Gold Era Begins Now
1	Column 1 0	By Jason Simpkins Written Friday, December 2, 2016

The era of “Peak Gold” is upon us...Let’s start by stating the obvious: There’s only so much gold in the ground, and people have been mining it since approximately 4700 BC.At some point, the Earth will have given all it has to give. And after 7,000 years of mining we’ve just about reached that point.Peak gold discovery was already hit in 1987, when 37 new primary gold deposits were uncovered. But by 2014, even with the advantage of modern technology, there were just three.It may only be a few more years before that figure dwindles to zero.In the meantime, with virtually no new discoveries, gold production has plateaued.Global gold production hit a record high for seven consecutive years from 2009 to 2015. But that run came to an end this year. After edging up just 1% in 2015, gold production is on track to decline 3% in 2016.And it’s only going to get worse from here on out.London-based Metals Focus says output from existing mines will drop roughly 10% in the five years to 2020. And it may fall by a third in the 10 years to 2025, according to Bloomberg calculations.[/table]