Although the practice of gold mining has been around for thousands of years, it’s estimated that roughly 86% of all above-ground gold was extracted in the last 200 years.
Metal supply however will not be able to match this unprecedented level of demand, without the discovery of new mineral deposits from which to mine the metals of the future.
Now is not the time to worry over daily price fluctuations on COMEX. Instead, you need to ignore the economic cheerleaders who are simply attempting to buy themselves time.
Continuing with the current policy of higher interest rates might lead to further financial and economic problems similar to what happened in 2008 (Great Recession) and 1929 (Great Depression).
Brazil’s president Luiz Inacio Lula da Silva stated: Every night I ask myself why all countries have to base their trade on the dollar … Why can’t we do trade based in our own currencies? … Who was it that decided that the dollar..
So, please, DO NOT despair and go away thinking that price cannot rise simply due to the dominant position of the bullion banks in the current digital derivative and fractional reserve pricing scheme.
