The world is running out of gold: Mining experts warn [MSN Money]
GOLDCORP (GG)
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Source: MSN Money
© Provided by Associated Newspapers Limited Global gold supplies are expected to peak in 2019 but industry experts have warned they may already have peaked Mining experts have warned that the world's gold supplies could soon be depleted. Experts across the industry said we will soon hit 'peak gold' - the point at which gold discoveries start to decline as there are no more new resources to discover. According to scientists, the 'peak gold' point will be reached in 2019 and supplies of the precious metal are set to tail off year-on-year from that point onward. Load Error Ian Telfer, chairman of Goldcorp, told the Financial Post last month: 'If I could give one sentence about the gold mining business… it's that in my life, gold produced from mines has gone up pretty steadily for 40 years. 'Well, either this year it starts to go down, or next year it starts to go down, or it's already going down… We're right at peak gold here.' At Goldcorp, production has
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