🚨There is truly extraordinary news for those observing the gold market.

According to the latest release from Crescat Capital, there have been absolutely (0) Major Gold Discoveries in the world during the years 2023 and 2024. 📉

This is not a normal situation. Historically, there have been at least 1 or 2 new gold discoveries each year, but experiencing a situation like this where there have been absolutely none for two consecutive years is unprecedented.

🤔 Why has this happened?

There are three main reasons.

1. Costs have skyrocketed

Due to the ever-increasing costs of gold exploration operations, most companies are no longer taking risks and are not searching.