Peak Gold? – Zerohedge.com

Late last year, when looking at a Goldcorp slideshow, we noticed something surprising: the gold miner had forecast that 2015 would be the year when gold production would peak among the mining industry. To be sure Goldcorp was really just pitching its own balance sheet, and was more focused on its far more levered gold-mining competitors going out of business … According to a report issued by Goldman’s Eugene King looking at commodity scarcity, the chart below “shows that there are only 20 years of known mineable reserves of gold and diamonds.” … read more

Leave a Comment