We Are Running Out of Gold. Holy Fuck.

Aaron Regent, president of the Canadian gold giant, said that global output has been falling by roughly 1m ounces a year since the start of the decade. Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the last eight years may have further to run.

"There is a strong case to be made that we are already at 'peak gold'," he told The Daily Telegraph at the RBC's annual gold conference in London.

"Production peaked around 2000 and it has been in decline ever since, and we forecast that decline to continue. It is increasingly difficult to find ore," he said.

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. The key driver over recent days has been the move by India's central bank to soak up half of the gold being sold by the International Monetary Fund. It is the latest sign that the rising powers of Asia and the commodity bloc are growing wary of Western paper money and debt.



I don't want to panic anyone....especially the poor fucks who have been sitting on the sidelines since gold was a steal at $400/oz but WE ARE RUNNING OUT OF FUCKING GOLD!!! Yes, they have to take about SEVEN TONS of ore out of the ground to retrieve an ounce of metal. This is a full-on, bust-out, melt-up, five-alarm gold buying emergency. Thank the Sky God above I bought years ago. Everyone else should be freaking out...and/or stealing from their neighbor.

As you read this article, paper dollars are being churned out at millions per minute and gold is almost impossible to find. If I were you, I'd sell everything and put it all in gold. Every last fucking cent. Buy some tulip bulbs as well.