Gold is getting harder and harder to find and dig up out of the ground.
Peak gold is a term used to define the date at which human beings reach the maximum rate of yearly global gold extraction, after which the rate of production enters declines.
Source: Visual Capitalist
The chart above examines the world’s largest gold operation’s gold ore deposit grades as measured in grams of gold per tonne of Earth.
As you will see the trend is that gold miners must move more tonnes of Earth to find fewer and fewer grains of gold while simultaneously the overall costs of energy are rising.
The next article in our Beginners’ Guide to Buying Physical Bullion will discuss the fundamentals of silver.