Home » Forums » Daily Paul Liberty Forum

PEAK GOLD

Submitted by yankee on Thu, 11/12/2009 - 07:50
in
0 votes

As seen on today's Drudge:

http://www.telegraph.co.uk/finance/newsbysector/industry/min...

Aaron Regent, president of the Canadian gold giant, said that global output has been falling by roughly 1m ounces a year since the start of the decade. Total mine supply has dropped by 10pc as ore quality erodes, implying that the roaring bull market of the last eight years may have further to run.
"There is a strong case to be made that we are already at 'peak gold'," he told The Daily Telegraph at the RBC's annual gold conference in London.

»

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

It seems interesting and

Submitted by fiodax on Thu, 11/12/2009 - 09:52.

It seems interesting and convenient that a time when people are taking refuge from the weakening dollar by buying gold that a story would come out explaining golds price increase in a way that isn't related to the dollar.

What did you decide to get?

Submitted by ODell Equip on Thu, 11/12/2009 - 08:46.

"What was taken from the boomers, it ain't there, what was taken from the X'ers it ain't there, what is being taken from their great, great, great squared grandchildren it ain't there. Some generation just has to have the guts to quit passing it on." Me

—

*May the only ones to touch your junk, be the ones you want to touch your junk.*

I got 500 silver rounds.... :)

Submitted by m72mc on Thu, 11/12/2009 - 09:19.

For starters Buy more later..maybe some in gold..

/Mike

Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg

—

/Mike

Front Fell Off
http://www.youtube.com/watch?v=WcU4t6zRAKg

good for U m72.. keep buying

Submitted by bad_karma on Thu, 11/12/2009 - 10:14.

good for U m72.. keep buying and accumulating as you can...

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

—

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.

Conjecture!

Submitted by dexterszyd on Thu, 11/12/2009 - 07:54.

It's all about inflationary pressure and they should admit it.

Good post though.....Thanks

For Freedom!

—

For Freedom!
STUGOTS! To the high and felutent establishment!
Paultian Powerhouse!

I agree

Submitted by sambachico on Thu, 11/12/2009 - 08:08.

It's also partially speculative right now, since the fed did not raise interest rates - people are starting to think 70's style inflation - even people who don't listen to Ron Paul.

-------------------------------------------------------
Peace, Freedom and Prosperity. Not War, Welfare and Bankruptcy.

------------

—

-------------------------------------------------------
Peace, Freedom and Prosperity. Not War, Welfare and Bankruptcy.

------------

we are past 70's style

Submitted by bad_karma on Thu, 11/12/2009 - 10:15.

we are past 70's style inflation.. you can not compare today to the 70's.
keep buying this thing has a long way to go.

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3

—

A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.