The Gold Mining Boom Of The 1850s New World Economics
Nov 21, 2015 In 1855, world gold production made a minor peak at an estimated at 227 tons, a tenfold expansion from 1840. Gold production today is about 2,700 tons per year. That is a pretty big jump. No doubt about it. If there was ever going to be any kind of major change in golds value due to mining supply, this would cause it.