Everyone thinks gold is eternal But what if it s running out

Everyone thinks gold is eternal But what if its running out Gold s on fire in 2025: spot prices hit 4, 035 an ounce on October 31, up 60 this year and smashing records at 4, 371 just weeks ago. Analysts at Bank of America see price averages even topping 5, 000 in 2026. Whats driving the rally Central banks hoarding it buying up to 900 tons of gold in 2025 dedollarization, and ETF inflows. But the rally isnt just about demand: Its about scarcity. Peak gold is in the rearview annual mining output has flatlined since 2018 at about 3, 000 tons. Today, 190, 000 tons circulate in jewelry, bars, and vaults worldwide, says the US Geological Survey. Only 50, 000 to 60, 000 tons of gold remain in the ground enough for just 20 years of mining at current rates, according to American Standard Gold. New discoveries Only five majors since 2020, totaling 17 million ounces, with none in 2023 or 2024, says S P Global Market Intelligence. And the gold we do find is getting Source: RT and Sputnik News t. me, RTandSputnikNews