the concern about remaining extractable gold is based on the fact that annual gold mining production is running at over 3200 tonnes per annum (e.g. 3247 tonnes in 2017 according to gfms) while various metal and geological consultancy estimates put the amount of remaining extractable gold reserves worldwide in the region of 55000 tonnes.
gold has been treasured since ancient times for its beauty and permanence. most of the gold that is fabricated today goes into the manufacture of jewelry. however because of its superior electrical conductivity and resistance to corrosion and other desirable combinations of physical and chemical properties gold also emerged in the late 20th century as an essential
the estimated global production of silver in 2018 amounted to 27000 metric tons. production of this precious metal has thus increased considerably from the production volume of 20800 in 2005.
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the highly anticipated spinoff of the good wife has begun production—and it has a new name. the good fight will premiere in february 2017 on cbs before moving exclusively to cbs all access the network's subscription video on-demand and live streaming service. the new series is set one year after the original's finale.
peak gold is the date at which the maximum rate of global gold extraction is reached. according to hubbert peak theory after the peak the rate of production declines until it approaches zero. unlike petroleum which is destroyed in use gold can be reused and recycled.. supply and demand. world gold demand (defined in terms of total consumption excluding central banks) in 2007 was 3519 tonnes.
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while quarterly production fluctuations are likely production over the next several quarters is expected to increase to an approximate 40000 gold ounce annual production rate estimated in late 2020.