Animation: Top 20 gold producing countries | Metals Mine

  • Animation: Top 20 gold producing countries

    From mining.com

    World output of gold in 2018 was 3,502.6 metric tonnes or 112.6 million troy ounces, up a whopping 709 tonnes or nearly 30m ounces since the start of the decade according to London-based mining and metals consultants Metals Focus and the World Gold Council. China cemented its spot at the top of the list with a 39 tonnes increase in gold produced during the year. South Africa ranked number one in the world for a century before losing the top spot to China in 2007, which has held it since. China is in danger of losing its no 1 ranking over the next few years as Canada and Russia ramp up production with the European ... (full story)

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auricforecas
Jul 8, 2019 6:11pm
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Yeah, there seems to be quite a few articles about China (among others, for example Russia) thinking about backing the currency with gold... Yes, gold standard... That would be a gamechanger... IF! there would be enough trust that China would actually hold to the "promise", so that one can really rely that if all goes tit-south... one can get the GOLD for PAPER I think that would be even bigger challenge for CN than gold standard itself.)
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swagtrading
Jul 9, 2019 12:22am
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Wow beautiful animation. And I bet China is not exporting any of the gold it produces. Infact I would not be surprised if it still imports some more of the Yellow shiny metal.
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Metallurgy
Jul 8, 2019 4:55pm
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What a commanding lead China has!
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