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Message:: [QUOTE="acanthite, post: 235180, member: 6647"]Keep in mind that as gold increases in price from $300 to $600, as it has been doing over the past 5 years or so, expenditures by mining companies on gold exploration has been increasing accordingly.  Gold deposits that were not economic 5 years ago are economic* today, and a great deal of effort is being applied to start production from these projects and increase reserves (in other words augment the mining plan to includes more oz of gold from areas not previously considered).  Historically, exploration and exploitation of gold is slow at catching up to demand, such that demand and price remain high for awhile before supply can catch up.  A gold mine can take more than 10 years from discovery to production. In short, expect increased amounts of 'fresh' gold to enter the market within the next 5 years. *'economic' includes factors such as gold grade of the rock, expense of the particular metallurgy involved in extraction, access to area, political risks within the host country, enviornmental restrictions, etc.[/QUOTE]