FWIW - Gold Production

Discussion in 'Bullion Investing' started by midas1, Jul 12, 2018.

  1. midas1

    midas1 Exalted Member

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  3. longnine009

    longnine009 Most Exalted Excellency

    I hope that doesn't agitate the African Killer Bees who have been on their way here since 1975.
  4. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I believe the statement needs qualifying . . . It's quite plausible that we are seeing "peak gold" in the coming year, but that is at gold's current trading range.

    Mining gold is indeed delivering only marginal returns on investment, but there's a lot more gold in the ground that is simply harder to detect and to bring to the surface.

    If (when) gold runs up to a significantly higher trading range, based on demand outstripping supply, detection and mining technologies not presently affordable will again be considered and then deployed.
  5. Clawcoins

    Clawcoins Well-Known Member

    The price of gold also dictates the supply. The higher it goes, the more they try to get.

    In another thread I provided the supply broken down by many segments over a long period of time. A better indicator than generic statements to get people to rush in and buy, buy, buy.
  6. V. Kurt Bellman

    V. Kurt Bellman Yes, I'm blunt! Get over your "feeeeelings".

    It's all about costs and technology. Some serious planetary scientists believe if we could tap all the gold on and in the planet, we could have gold 8 inches deep on the entire globe, land and water. So just stand by at Kilauea and hope.
  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

    That sounds a lot more dangerous than playing hot potato . . .
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