Gold production, population, money supply

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Unobtanium

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Good article; more charts included at original link.

World Production of Gold, 2011

By: Dr Thomas Chaize, Dani 2989
-- Posted Tuesday, 28 June 2011
Source: GoldSeek.com
http://news.goldseek.com/Dani/1309290922.php



<first parts snipped for brevity>


III. Gold production in 2010, 2020 and 2030.

Gold production has increased by a factor of 2.1 from 1959 to 2010. At the same time, the world population has been multiplied by a factor 2.2. Thus we produced more or less the same amount of gold per inhabitant as in 1959.

When one does the ratio of the gold world production and the world population, we can see that gold production was of about 0.36 grams per inhabitant in 2010, which is close to the average over the last 100 years (0.37 grams). According to estimation the world population should reach 7.2 billion in 2020 and 8.2 billion in 2030. This should indicate us a “necessary” gold production of 2803 tonnes in 2020 and 3034 tons in 2030. In the short term (1 to 3 years) as discussed previously, the world gold production could still increase slightly, but in the next 10 or 20 years it will definitely decrease because of the number of good quality gold reserve. A difference will appear between the increase in the world population and the decline of the gold production. The world will produce less gold with a growing population and an exponatial growth of the money supply.

U.S. money supply, M3, has increased by a factor 35 only between 1959 and 2006 (since March 2006 the U.S. federal bank does not communicate the amount of dollars printed).

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We reach a point where the growth of the world population and the exponential growth of the money supply remains strong, while the growth of the gold production is seriously threatened. According to King Hubert, for whom the coexistence of the monetary system and resources is only possible when both systems keep pace:

« We are in a crisis in the evolution of human society. It is unique in both human and geologic history. It has never happened before and it can not possibly happen again. You can only use oil once. You can only use metals once. Soon all the oil is going to be burned and all the metals mined and scattered »
«And the time scale is not centuries, it's decades» February 1983 « Geophysics magazine».

Dr Thomas Chaize
 
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