Who cares about 'peak gold' until there's 'peak paper'?

IMG Auteur
Published : May 17th, 2018
172 words - Reading time : less than a minute
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : GoldWire

By Gabriel Friedman
National Post, Toronto
Wednesday, May 16, 2018

Ian Telfer, chairman of Goldcorp Inc., is the latest industry magnate to predict the world has reached "peak gold," saying that from here on out, mine production will continue to decline because all the major deposits have been discovered.

"If I could give one sentence about the gold mining business ... it's that in my life, gold produced from mines has gone up pretty steadily for 40 years," Telfer said. "Well, either this year it starts to go down, or next year it starts to go down, or it's already going down."


"We're right at peak gold here," he added.

Although gold prices sank 2 percent to US$1,289.86 per ounce this week, sliding below the psychologically significant US$1,300 mark for the first time this year, Telfer said that day that he remained bullish and predicted gold prices would surpass US$1,500 or US$1,600 per ounce before the end of the year. ...

... For the remainder of the report:

http://business.financialpost.com/commodities...ght-at-peak-...

* * *

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
WebsiteSubscribe to his services
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Is The Price of Silver About To Explode?
23 OctThemis
I have yet to see Andy provide an explanation for his all-in foray into cryptos. Although that is his personal business, it does affect his credib...
Stephen Hawking In His Final Publication: ‘There is No God’
23 OctS W.1
I never believed in the tooth fairy either so I am left wondering if Hawking felt the same. Even if Hawking had said there is a God I would hav...
Stephen Hawking In His Final Publication: ‘There is No God’
23 OctThemis
You can't possibly "know" that there is no God. I, too, did not feel His presence as a young child and was deeply cynical about Him until well int...
Is The Price of Silver About To Explode?
20 OctOzSILV
Andy Hoffman no longer works for Miles Franklins Andy Hoffman no longer supports precious metals only Crypto currencies
Stephen Hawking In His Final Publication: ‘There is No God’
18 Octgranttc0
Ever learning, and never able to come to the knowledge of the truth. 2 Tim 3:17
Is The Price of Silver About To Explode?
18 OctS W.-1
MAYBE the price of silver will explode. I am not a fortune teller! It is the same price it was 12 years ago and it exploded then. But it wi...
Stephen Hawking In His Final Publication: ‘There is No God’
18 OctS W.0
I have known since I was 8 yrs old that there is no such thing as God. My parents used to send me off to Sunday School. One time I came home and sa...
Death Penalty for Debasing Currency: US Coinage Act of 1792
17 Octramasart
I wonder if this Act was addressed by the creation of the Federal Reserve Act of 1913? If not, I wonder if we can find some Statesmen in...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS