With an estimated figure of over half the world's gold resources mined in the past fifty years, many are beginning to take a serious look at the fleeting resource. More specifically, analysts are studying who the global leaders are in gold mining and how the price of gold has risen and fallen throughout the last century.
Gold, measured in a troy ounce, is mined at a rate of 2,500 metric tons each year. However, this rate will decrease as remaining gold deposits are found in only the most remote parts of the world. At the moment, the United States, China, and Australia are the top three countries at producing gold, but whether or not these three countries will continue to be the top gold producers remains to be seen.
In general, gold prices have risen over the last century. More specifically, the price of gold has risen as the value of the U.S. dollar continues to decline in purchasing power. Unless the U.S. dollar can make a recover, many analysts believe the price of gold will continue to rise.
Provided by: http://www.numbersleuth.org