Guest post for all the gold bugs, by World Complex. Gold is still the most important non fuel mineral in the world, irrespective if trading at 1, 2 or 3k…..
Perhaps you haven’t noticed, but at The World Complex, we like gold. A lot. Not too long ago we ran an article about historical gold production, with some estimates of future production for gold. Today we will take a closer look.
It turns out that my main professional activity is exploring for gold, and yet that isn’t why I spend so much time thinking about it.
I began this blog to investigate application of mathematical methodology to geologic problems. Over the last year in particular, I have put increasing effort into using the same tools to look at economic problems. Yet ask geologists why they spend so much time looking for gold, and you will get many answers, none of them true.
In terms of exploration effort, gold is the most important mineral on the planet. Approximately 50% of all money spent on non-fuel mineral exploration during the last fifteen years was spent on gold exploration.