Comment: energy prices may plummet over the next 10 years

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energy prices may plummet over the next 10 years

The price of natural gas has dropped by 50% over the past few years, because of fracking. This technique is being applied now to oil. North Dakota will surpass Alaska in oil production this year. Soon it will surpass Texas. Our dependence on imported oil is going down.

Add to that, there are three competitors in the LENR (cold fusion) field which intend to roll out consumer products in the next 18 months. If this technology proves out, most other energy sources will become obsolete.

So, what happens to the prices of precious metals if energy prices drop in half? The cost of making nearly everything would go down, including the cost of producing gold itself.