22/03/17

Peak Gold - Biggest Gold Story Not Being Reported [feedly]



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Peak Gold - Biggest Gold Story Not Being Reported
// Zero Hedge

- Peak gold - Biggest gold story not being reported
- Gold 'Mining Zombie Apocalypse' caused miners to slash exploration budgets
- Decline in gold production at world's top 10 gold mining companies - Byron King
- "No new big mines being built in the world today" - Glencore CEO Glasenberg
- Primary global gold output declined in 2016 - Thomson Reuters via Mining.com
- 2016 was first year of fall in mine production since 2008
- Rising safe haven demand from 'Trumpflation' and  geopolitical tensions and falling mine supply should lead to "much higher gold prices"
- What happens when the unstoppable force of robust global demand for gold meets the immovable object of a small, finite, rare and dwinding supply of physical gold?

South Africa Gold Production

We have written about 'peak gold' and ...

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