-
In 20 years, the world may run out of minable gold
In another two decades rare commodities may become seriously scarce. According to Goldman Sachs, the world has about 20 years each of known minable reserves of gold GCJ5, -0.30% diamonds and zinc. Platinum PLJ5, +0.27% copper HGK5, -0.40% and nickel reserves only have about 40 years or less left. “The combination of very low concentrations of metals in the Earth’s crust, and very few high-quality deposits, means some things are truly scarce,” Eugene King, European metals and mining analyst at Goldman Sachs, wrote in a recent research note. “Gold has been used as a measure of wealth for more than 4,000 years, ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Mar 31, 2015 9:44am Mar 31, 2015 9:44am
- Abhimanyu
- | Joined Jan 2013 | Status: Member | 328 Comments
- Comment #2
- Quote
- Mar 31, 2015 10:00am Mar 31, 2015 10:00am
- JustUsePrice
- | Joined Mar 2014 | Status: Member | 16 Comments
- Comment #3
- Quote
- Mar 31, 2015 10:08am Mar 31, 2015 10:08am
- Gwan
- | Joined Feb 2007 | Status: Small is beautifull | 156 Comments
- Comment #4
- Quote
- Mar 31, 2015 10:30am Mar 31, 2015 10:30am
- Abhimanyu
- | Joined Jan 2013 | Status: Member | 328 Comments
- Comment #5
- Quote
- Mar 31, 2015 10:58am Mar 31, 2015 10:58am
- xjames26
- | Joined Apr 2009 | Status: Member | 192 Comments
- Comment #6
- Quote
- Mar 31, 2015 11:46am Mar 31, 2015 11:46am
- Thurira
- | Joined Mar 2015 | Status: Member | 93 Comments
- Comment #7
- Quote
- Mar 31, 2015 9:37pm Mar 31, 2015 9:37pm
- Guest
- | IP XX.XXX.74.168