Gold Production Is Falling

Interesting table, and statistics in The Economist: global gold production fell 4% in 2008. In many gold producing countries, including China, Russia, Peru and Mexico gold production rose, but that was not enough to compensate declining production in the United States, Canada, Australia, Indonesia and Australia.

This statistical fact is of course bullish for the price of gold (which I know many readers are interested of), especially if the trend continues.