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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: bjzimmy who wrote (107407)	1/26/2018 12:01:08 PM
From: Real Man	Read Replies (1) \| Respond to of 116764

This prediction forecasts a sharp drop in mining supply starting now. I guess we should see very soon if it is correct. All I said was that within my limited 20 years of experience gold shortage was very frequently forecasted but somehow never materialized. Right now Central Banks stand ready to lend at 0%.

To: bjzimmy who wrote (107407)	1/26/2018 2:08:53 PM
From: stuffbug	Read Replies (2) \| Respond to 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.