Gold Price Monitor Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor

GDXJ 94.04

+0.6%

Nov 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: bjzimmy who wrote (107407)	1/26/2018 2:08:53 PM
From: stuffbug	Read Replies (2) of 116764

That projection is nonsense - a 50% drop within a span of 2 years? Note the forecast for 2017, a 10% decline, I don't believe it was very accurate. From what I have read, 2017 total global production was close to that of 2016. I suspect we have reached peak gold, but the decline will be very gradual in the first few years. Paradoxically, if the price of gold accelerates the production drop will probably be somewhat higher. This is because a higher gold price allows the miners to process lower grades. And they all know the locations of the lower quality ore on their properties.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next