Record low for gold supplies, says investment veteran. Gold supplies are at an all-time low and may drop by as much as 15% over the next five years, according to BlackRock’s precious metals investment veteran Graham Birch.

Gold exploration in the past 10 years has been minimal and although exploration spending has increased, it can take up to seven years for a mine to become fully functional.

He also pointed out world gold mine production peaked in 2001. http://www.citywire.co.uk/selector/-/new...