Wednesday, June 11, 2014

Cookie Monster on investing

Mineweb - why investors should better understand the science of discovery. Wherein Cookie explains how to discover, or fail to discover, economic gold deposits.

Here's a pic from the article that he flogs to death at every single speaking engagement:

So we're not discovering any more gold.

Then again, production hasn't even started to drop off yet. In fact, China seems to constantly add to their production every year. So the drop-off in discoveries might not really have an effect on supply for a decade or two.

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