Prices for spot gold in New York closed over $4,000/ounce yesterday for the first time (futures had hit that mark earlier in the week). 
Gold’s rise is even more impressive because, while it is rare, there is still quite a bit of gold being produced each year. Last year, global gold production was 3.3 million kilograms. Despite all that new supply, demand has driven gold prices higher than they’ve ever been.
But the rate of gold production’s increase isn’t fast. Since 1900, the rate of growth in gold production has been a mere 1.7%, and even slower since 1969 at 1.5% compound annual growth.
Action Line: When you want to talk about gold in your investment portfolio, email me at ejsmith@yoursurvivalguy.com. And click here to subscribe to my free monthly Survive & Thrive letter.
