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Gold & Silver the only real money !
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<blockquote data-quote="user 4386" data-source="post: 433523" data-attributes="member: 4386"><p>It is a major problem for large gold companies - virtually have to find a new mine per year to just retain their existing reserves. The environmental/carbon issues are a gradual process, not overnight - they have been with us for some time and apply to all Earth resources. In the long term they will be a major issue. Peak gold is probably still a little way off, with many new and major (5 Moz plus) deposits coming out of Turkey-Iran and Siberia. A major point is that reduced production will take a while to impact in a major way on price, since gold does not behave as a commodity (demand has exceeded mine production by approx. 1,000 T per year for a long time now, but shortfall in demand is made up by melting down jewellery etc - which is more than 80% of consumption).</p></blockquote><p></p>
[QUOTE="user 4386, post: 433523, member: 4386"] It is a major problem for large gold companies - virtually have to find a new mine per year to just retain their existing reserves. The environmental/carbon issues are a gradual process, not overnight - they have been with us for some time and apply to all Earth resources. In the long term they will be a major issue. Peak gold is probably still a little way off, with many new and major (5 Moz plus) deposits coming out of Turkey-Iran and Siberia. A major point is that reduced production will take a while to impact in a major way on price, since gold does not behave as a commodity (demand has exceeded mine production by approx. 1,000 T per year for a long time now, but shortfall in demand is made up by melting down jewellery etc - which is more than 80% of consumption). [/QUOTE]
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General
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Gold & Silver the only real money !
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