In the next 20 years all the gold on earth will be gone! Now digging started here
We all withdraw money from ATM, now gold can also be withdrawn. Yes, reportedly the world’s first real time gold ATM has been installed in Hyderabad, from which gold coins of certain sizes can be withdrawn. It is being claimed that the gold price will also be visible live on the machine.
80 percent gold extracted
On the one hand, new things are happening to further increase the investment on gold, on the other hand things are going on which increase the concern. Many experts believe that most of the earth’s gold has been extracted. If it is really so, will there be reserve gold left in homes or banks? Will there be a war for gold? Let us understand the answers to the questions together.
Highest mining in last 70 years
According to the US Geological Survey, till now about 2 lakh tonnes of gold has been extracted and now only 50 thousand tonnes is left. Different organizations give different data on how much gold is left, but there is slight manipulation in it. On which most of the gold was extracted after the year 1950.
How much gold is left?
The speed with which mining took place is now decreasing at the same pace because there is no gold left in the mines. American investment bank Goldman Sachs fears that in the next 20 years, gold under the ground will be completely finished. Instead of talking in tons, the World Gold Council talks with an example that can be understood by people like us. Like now, if there is 50 thousand tonnes of gold left under the earth, then it is only as much as it can come in two cargo ships.
What will happen then?
Not only the common people, experts were also worried about what will happen after the end of gold. This can destroy the economy of the whole world because even now the power of the country is extracted from its gold reserve. Gold has always been a major part of any country’s business. It is not from now, but from centuries. So it is also possible that after the gold is over, big countries attack weak countries and start capturing their gold reserves, but talk about it some other time. At present, they understand that what will the companies do if the gold mines become empty.
Only big companies will be left
American investment banker Jim Richards tells many things in his book ‘The New Case for Gold’. According to Jim, no matter how many predictions are made about the end of gold, mining will go on. New techniques will come for this. Mines will be put in places where no one goes. Due to all this it will happen that in place of small mining companies only a few companies will be left in the countries. Another change will be that the price of gold will go up very fast. Such, which is beyond the reach of the common man. In such a situation, only the gold already deposited will be the support.
Where will gold be found?
Running out of gold is like running out of rice from the world. Couldn’t live without it. So in search of this, companies with money will explore all the seemingly impossible places. For example, gold will be discovered under the sea. Icy deserts, where polar bears live, or some scientists, mines will be planted in such places.
Discovery of gold on another planet
This is a separate topic of discussion. Even if gold ends from the earth, but gold will be left in the universe. With this thinking, scientists have already started searching for gold in the universe. Astrophysicist Dr. Neil deGrasse Tyson suggested that there could be reserves of gold in the asteroids present in space. If this is true, then great hope arises.
Can be investigated by bringing from space
Seeing this, former US President Barack Obama also passed a law, under which minerals can be brought from the moon or asteroids and studied on them. From this it will be known whether the time has really come to dig in space.
The star in which only gold is gold
There is such an asteroid between Jupiter and Mars, which if touched, every person on earth will become rich. The name of this asteroid is 16-Psyche, which is made of gold, platinum, nickel and iron. There is so much gold in this piece with a diameter of about 225 kilometers, which could not even be calculated for sure.
Well, even if this much gold comes on the earth, it will be of no use. A concept of business works behind this as well, according to which something is valuable only until it becomes excessive. As soon as there is a flood of gold in the market, it will become like any common thing. That is, as long as there is less, then only there is gold.
