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.