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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.31+0.6%Nov 7 4:00 PM EST

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To: Maurice Winn who wrote (104250)1/20/2014 2:34:36 PM
From: Andeveron  Read Replies (1) of 217637
 
Gold may be finite on Earth but once those asteroid diggers start offworld mining operations in 2050-2055, the price of gold will plunge because DeBeers isn't on the gold job.

Once Peak Gold has been reached, which will happen when a good quality digital currency [mine] has taken over savings and payments processes, then gold will go into terminal decline. The amount of gold in circulation will decline as wedding rings get thrown off bridges, teeth are eroded and die, gold chains are lost at sea as aircraft crash, ships sink and adventurers make mistakes.
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