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SNAFU
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There will never be a “commercial signal failure” in the gold market - Steve Saville - Speculative Investor

You are right, Steve, gold mining production has nothing to do with the matter. But gold is not a commodity, it is a monetary metal. Thus the exceptionnal event will not be on production, but on availability in case of a monetary (fiat paper). As Antal Fekete said, the outcome will be : zero supply, infinite demand. You can imagine the effect on the price of gold. A black swan event. Totally exceptionnal, a one time event. But absolutely possibke and IMHO worth being prepared to

Commented 2822 days ago

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Beginning of the headline :Some commentators have been anticipating a “commercial signal failure” in the gold market for more than 15 years. Moreover, whenever the gold price experiences a large rally the same commentators routinely cite the potential for a commercial signal failure (CSF) as a reason to maintain a full position, the argument being that the coming CSF is bound to result in massive additional price gains. The reality, however, is that whereas a CSF is an extremely unlikely event in any commodity market, in... Read More

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