Era of Peak Gold Prices?
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We don’t know where it will go. I only know that I never contemplated such high numbers before 2007, and now,a few years later, no number surprises me.
Yesterday I read that we could be in an era of peak gold, because the mature large gold mines are already 13,000 feet deep (S. Africa). Less production, higher costs and lots of junior miners not yet in production, coupled with high world wide demand add another element to the gold picture. Only time will tell.
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When the dust settles, the inflationary fuse will have already been lit.
I’m waiting for the dust to settle.
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I’m waiting for the dust to settle…
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