It would seem so, because after 2000 the gold production in the US decreased dramatically from 350 metric tons below 250 tons. This could mean that the mines are running out or that the gold is just harder to excavate because of it’s form. But it can also mean that the US is trying to maintain the value of gold. Because if the market is flooded with gold it’s price dramatically falls. This is also true for any metal or good.
Production of gold is not a measure of its abundance, because production depends sensitively on the price. There is no foreseeable end life to the gold mines in Nevada.
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