If we have an open environment that rewards creativity and hard work, we will have all the jobs we need. Especially if we create a fluid system where people can relocate to where the jobs are or creative new entrepreneurs that build businesses where the people are.
Analysts point to diminishing returns in mining: declining ore grades, aging mines, and fewer major new discoveries. The World Gold Council warned in 2022 that production is "close to plateauing."
BM: Well, what it is, we have a giant crisis, and there’s no way out. Anybody who passed Economics 101 recognizes that the debt-based system of the West is failing, and this is the first domino to fall.
Reversing the trend will require a significant industry focus on finding new deposits or developing methods to extract difficult-to-reach ore from the ground in a cost-effective manner.
