50 years of suppressing silver (and gold), page-13

rowingboat

You think the peak in only 2-3 years away. So it will be the producers that will get fully priced by then. That is a worry for me as I have most of my funds in producers that will reach peak production in 4 years time or later, and also in pure explorers which may not even be in production in 2013.

I hope you are wrong.

My expectation is that there will be a series of financial crisis over the next 8 years during which the gold price will grow at the average of the last 8 years. I am a bit confused about your chart which shows that gold outperformed the US S&P500 over the last 20 years. Is that really correct? Does it take into account inflation?

I just can not see an end to financial mismanagement by governments by 2013. This will ultimately end by debt default by many countries and the monetisation of debt by the USA, UK, Japan and Europe during which gold should shine.

Perhaps this will be like the 1930s, a lenghty period of high profitability for gold miners.

Any way let us know when you are exiting the gold market and your reasons. The more debate the better. I tend to be slow to react and fall in love with a simple idea, so I may be inflexible in my investment decisions.

loki