Current estimates show that the gold supply is currently 50% behind current demand. Bullion is getting harder and harder to find, and gold coins are tougher to buy than ever before.
It’s a sure sign of “Peak Gold.” Like Peak Oil, Peak Gold refers to the fact that, out of all the gold that has been mined in history, 90% has been taken out of the ground in the last 100 years.
What’s left in the ground is now the hardest to extract.
Take a look at this chart put together by GFMS (precious metals researchers) and Barrick Gold (the largest mining firm in the world).
As you can see, the amount of gold being produced is expected to decline significantly over the coming years.
And while the supply is getting lower and lower, demand for the precious metal is growing larger and larger.