Have We Hit 'Peak Gold'?
September 2018 by Chris Ralph
According to some experts, after the peak is reached, the production rate will slowly decline until it reaches near zero while the price shoots upward. At that point, we will have pretty much mined all the economic ore deposits that are present on the planet.
For “hard money” advocates, this has been a remarkable month. Gold has risen by more than $100, silver has begun to surge, and the headlines are full of news items quite capable of raising public concerns to crisis levels.
...miners, prospectors and mining related businesses are discovering that capital investments in equipment, machinery and other business assets are more affordable today than ever before.
…they continue to strut around and make declarations and proclamations as if they were still in positions of power. In other words, in political terms, they haven’t “got the message” that they are now in a minority position…
Worried that the US dollar may not be good as gold, some Colorado lawmakers are pushing a bill to legalize gold and silver coins as usable currency.
Long-term, the outlook remains very favorable—but the obvious and important question is when we might expect a solid bull market revival to take place.
One of the largest conundrums we would point out is the matter of rising interest rates starting to take place in several nations.
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