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Peak gold probably happened a while ago as

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JDUR   Monday, 11/16/15 05:16:14 PM
Re: trunkmonk post# 44981
Post # of 63744 
Peak gold probably happened a while ago as head grades are getting lower and lower. Although, mines are becoming more efficient so it offsets. Similar thing happened with coal, I believe that there are 4 grades and we are now mining the 2nd/3rd best grades since the 1st has been completely depleted.

In the near term it seems like mines are maximizing outputs therefore increasing the supply to remain profitable but they are also not exploring since cash flow is an issue. Eventually supply will drop until exploration is deemed feasible again.

It is useless for most mines to sell gold under 1000$ per ounce so many of them will suspend operations if it does drop below that (I don't think it will).

Here is a good article

https://www.caseyresearch.com/articles/peak-gold

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