Gold Prices Rise as Gold Mining Output Drops

Gold prices rose 22% last year in Dollar terms. They’ve almost doubled for Sterling investors since 1999. So you might expect gold mining output to be rising in response. But no. Gold mining supplies fell by 2% last year…

…Falling reserves replacement over the last 10 years “may result in gold supply shortages in the long term…”

– As regular readers well know, the “Peak Oil” theory says global energy output is about to collapse thanks to the lack of new oil reserves. We all need to plan for a huge increase in the cost of living