About 244,000 metric tons of gold has been discovered to date (187,000 metric tons historically produced plus current underground reserves of 57,000 metric tons). Most of that gold has come from just three countries: China, Australia, and South Africa.
All of the gold discovered thus far would fit in a cube that is 23 meters wide on every side.
Gold Mine Exploration : 1 - 10 years
Gold Mine Development : 1 - 5 years
Gold Mining Operation : 10 - 30 years
Gold Mine Decommissioning : 1 - 5 years
Gold continues to be an indispensable asset in the global financial landscape, demonstrating remarkable resilience and adaptability amidst fluctuating macroeconomic conditions and geopolitical tensions.
Throughout 2024, gold prices have reached new highs, driven by a mix of robust investment demand and substantial buying from emerging market central banks. This trend underscores gold's enduring role as a safe haven during times of economic uncertainty and its appeal as a hedge against systemic risks and inflation.
Looking ahead, the investment outlook for gold remains positive, with expectations of continued strength in the market.