31.03.2015 - In 20 years, the world may run out of minable gold
In another two decades rare commodities may become seriously scarce. According to Goldman Sachs, the world has about 20 years each of known minable reserves of gold diamonds and zinc. Platinum copper and nickel reserves only have about 40 years or less left. “The combination of very low concentrations of metals in the Earth’s crust, and very few high-quality deposits, means some things are truly scarce,” Eugene King, European metals and mining analyst at Goldman Sachs, wrote in a recent research note. “Gold has been used as a measure of wealth for more than 4,000 years, as the ancient Egyptians soon worked out that gold was not only shiny and heavy, but rare,” he said...............................................Full Article: Source
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