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Question
What annual rate of new supply does gold mine production add to the existing above-ground stock, and why does this matter?
1
Approximately 10% per year, which limits gold's usefulness as an inflation hedge
2
Approximately 5% per year, which matches the long-run growth rate of the global economy
3
Approximately 1.5% per year, which is among the lowest of any commodity and helps gold maintain purchasing power over long periods
4
Approximately 0.1% per year, making gold supply effectively fixed for investment purposes
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