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Ted S
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Misunderstanding "Peak Gold"; Gold About to Run Out? - Mish - Global Economic Analysis

Hi Mish,
You make a good point about the difference between commodities and gold. It's a great point of discussion to counter people who are talking about peak gold. While it is true that a lot of the easiest (least expensive to extract) gold has been mined and new gold tends to cost more to extract, as gold enthusiasts like to repeat saying 98% of the gold that has ever been mined throughout history is still above ground. That just seems to mean that the supply of gold just keeps growing year after year as more is mined each year since there are no big industrial uses that "consume" gold.

How do you feel about silver since there are many industrial uses that "consume" silver like electrical, solar, antibacterial, etc and those uses are growing. I have read some people who say that the above ground supply of silver has drastically diminished and I've read other commentators who say we have a surplus of silver above ground. What has your research told you? Thanks

All the best,
Ted Sudol
http://www.preciousmetalsinvesting.com

Commented 3316 days ago

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Beginning of the headline :Is gold about to "run out"? The correct answer to that question is the likelihood of that happening is precisely 0%. However, that is not the conclusion one would come to from the Zerohedge headline Peak Gold? Goldman Calculates There Is Only 20 Years Of Gold Supply Left. Zerohedge supplied a couple of charts. Peak Gold Diamonds Aren't Forever Gold About to Run Out? Zerohedge comments ... If the "known reserves" of gold plunge in the coming decade, no matter how many gold futures an... Read More

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