Stories tagged with "gold"

Looking Back at Peak Global Production of...Gold

Posted by Heading Out on November 14, 2009 - 10:16am
Topic: Supply/Production
Tags: gold [list all tags]

Yesterday the President of the largest gold mining and production company, Barrick Gold, noted that after ten years of declining production it is time to recognize that the world has seen the peak in gold production. To maintain production ore is being mined with increasingly less gold in it. (The grade of the ore, or metal content, defines whether it is profitable to mine.)

Ore grades have fallen from around 12 grams per tonne in 1950 to nearer 3 grams in the US, Canada, and Australia. South Africa's output has halved since peaking in 1970.

The supply crunch has helped push gold to an all-time high, reaching $1,118 an ounce at one stage yesterday.

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A Change Coming to the World Monetary System?

Posted by Luis de Sousa on October 7, 2009 - 10:03am in The Oil Drum: Europe
Topic: Economics/Finance
Tags: dollar, euro, g20, gold, imf, khaleeji, original, reserve currency, special drawing rights, yuan [list all tags]

Thoughts related to the world monetary system, and where it may be headed, below the fold.

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Warning: The Mining Boom is Fading Fast

Posted by Phil Hart on November 2, 2007 - 8:00pm in The Oil Drum: Australia/New Zealand
Topic: Supply/Production
Tags: australia, gold, mining, resources, uranium [list all tags]

Original Story from Monash University Faculty of Engineering: http://www.monash.edu.au/news/newsline/story/1231

A Monash University environmental engineer has warned in a new report that mineral resources are running out, excavation costs are escalating and the environmental costs of mining are devastating.

The world-first report, The Sustainability of Mining in Australia: Key Trends and Their Environmental Implications for the Future, was authored by Monash researcher and lecturer Dr Gavin Mudd in conjunction with the independent Mineral Policy Institute.

Dr Mudd said the statistics were alarming. "On average, 27 tonnes of greenhouse emissions are created to mine a tonne of uranium. That's equivalent to the annual emissions of nine family cars. To mine one kilogram of gold it takes 691,000 litres of water, and it takes 141 kilograms of cyanide to produce a single kilogram of gold.

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Faber : “You won’t see 12$ / barrel oil in your lifetime.”

Posted by Luis de Sousa on February 16, 2007 - 8:24pm in The Oil Drum: Europe
Topic: Economics/Finance
Tags: assets, economics, farmland, gold, markets, peak oil [list all tags]



Dr Marc Faber is a Swiss financier who predicted the Wall Street Crash in 1987. He is well know as the editor and publisher of the Gloom, Boom & Doom Report. Although not exactly an optimist Dr Faber is a widely respected financial analyst.

This video contains very interesting clues on how to prepare financially for Peak Oil.
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