The Global Demographic Tailwind

[OakesCS]

China & Au

that story was BS. while China is the world's 5th largest producer it ranks well down the list in reserves.
http://minerals.usgs.gov/minerals/pubs/commodity/gold/mcs-2010-gold.pdf

when writers make claims like those in that article and they are not referenced, the claims beg to be checked. It isn't difficult. http://minerals.usgs.gov/minerals/pubs/commodity/gold/

As for the $5k/oz speculation - total crap. I heard a comment recently that gold is the ultimate bubble commodity - unfortunately it is a bubble that has existed for an extraordinarily long time.

Total worldwide production costs for Newmont in 2009 were $526/oz. I'd bet that at $5k/oz ordinary soil in much of the world could be economically mined and processed to extract the trace amounts of Au in the dirt.