{"id":70427,"date":"2009-12-08T05:02:00","date_gmt":"2009-12-08T10:02:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/the-coming-collapse-of-the-global-gold-mining-industry-2009-12"},"modified":"2009-12-08T05:02:00","modified_gmt":"2009-12-08T10:02:00","slug":"the-coming-collapse-of-the-global-gold-mining-industry","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/70427","title":{"rendered":"The Coming Collapse Of The Global Gold Mining Industry"},"content":{"rendered":"

\"gold\"<\/a>In its recent presentation<\/a> on the future of gold prices, miner Barrick Gold (ABX) bullishly noted the coming, permanent decline in annual gold production.<\/p>\n

It’s a topic that’s been getting A TON of attention lately, as gold soars.<\/p>\n

It’s also a relatively new (and controversial) idea, piggybacking on years of thought and analysis related to peak oil.<\/p>\n

Over at The Oil Drum<\/a>, Jean Laherrére has been attempting to model global gold production to show that indeed, the amount we pull out of the earth annually is set to decline permanently.<\/p>\n

His first endeavor<\/a> (which we wrote about here) focused on production within each major gold producing country.<\/p>\n

The second part focuses on the macro, global measures of mining which further bolster the case for peak gold. We’ve picked out some of our favorite, most-telling charts from the presentation.<\/p>\n

Now see the evidence >><\/a><\/strong><\/h1>\n

This content originally appeared on The Oil Drum and is licensed under a <\/em>Creative Commons Attribution-Share Alike 3.0 United States License<\/em>
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