Global gold reserves may be exhausted in 20 years – How will this affect prices?

As is well known, amid global economic instability and rising inflationary pressures, investor interest in gold is rapidly growing.
Yeniavaz.com reports that the growing interest in gold has raised the question: "Could the Earth's gold reserves be exhausted?"
It should be noted that, according to the latest geological research, the volume of existing gold reserves in the Earth's crust is approximately 57,000 tons. Experts say that if current production rates continue, these reserves may only last for the next 15-20 years.
According to analysts, the world is already approaching the "peak production" stage. At this stage, new gold deposits are discovered less frequently, and extracting the metal from existing mines requires significant financial and technological resources. As a result, experts note, the era of cheap gold is over. Extracting each additional kilogram of gold is more expensive than before. However, experts believe fears of gold's complete disappearance are exaggerated. Humanity has produced an estimated 200,000 tons of gold to date, and much of this metal is still in circulation. Because gold is very difficult to break down chemically, it is primarily stored as jewelry, government reserves, and investment assets.
Experts believe the physical disappearance of gold is unlikely. However, as mining becomes increasingly expensive and new deposits are discovered less frequently, a long-term upward price trend for this precious metal appears inevitable. This could make gold an even more strategic asset for investors in the future.

Elnur Ali