It is well known that gold is extremely rare and that most of the gold available for mining within technology’s limitations has been mined. What many people may not know is that a large portion of the world’s gold is held in reserve by banks or individuals as a form of investment. “Gold Bar hoarding” is actually estimated to account for 236 tons of gold available that is not being circulated. Another key fact is that approximately 85% of all gold ever found is still in use today due to the recycling of gold items. Recently scientists have discovered that most asteroids are essentially warehouses of minerals serving as potential sources of gold, diamonds, and platinum. Lastly, gold prospectors do continue to search for deposits using various highly sensitive methods for gold detection.
Tags: gold bar hoarding, gold future
Yes,gold sure has a future. Only the end of world can bring about the end of gold.Truly most people really do have more gold in banks than money and there is enough reserve.I have not even given a thought to the world running out of gold before.It really can’t happen,at least that is my own point of view.
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a hedge or safe haven against any economic.Gold definitely has a future.
Have you noticed that the price of gold was practically unaffected even with the negative economy.There is no future as bright as that. In fact the price for gold was basically unaffected by anything. All of the scare mongering with the increase in the US dollar has had minimal impact. Gold in these times acts as an alternative currency. Gold can never wear off.