Gold touches $1120 per oz

This 30 day chart hasn’t been updated to show that gold broker through $1120 in Hong Kong trading today (tomorrow!).

More gold info at kitco.com.

Added @ 22:58:

Peak gold?

“Production peaked around 2000 and it has been in decline ever since, and we forecast that decline to continue. It is increasingly difficult to find ore,” he said.

Ore grades have fallen from around 12 grams per tonne in 1950 to nearer 3 grams in the US, Canada, and Australia. South Africa’s output has halved since peaking in 1970.

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