DEG 4.76% $1.21 de grey mining limited

Chart - TA, page-3266

  1. 314 Posts.
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    Many people have been predicting a major catastrophe in the monetary system for a while. In my opinion this crash is going to be a lot bigger than most people expect. Ill leave it at that.
    Lets have a look at what we've established:
    *The top four gold reserves are held by non BRICS nations *The U.S is the largest holder of gold reserves.
    *Central banks have been buying up gold at record amounts the last few years.
    *Production has peaked and is estimated to fall in the coming years
    *The cost of extraction is going up exponentially, much faster than the rate of inflation.
    You posted a chart you claimed to be the rate of production, it was cumulative.
    You claimed that technology is making gold extraction
    cheaper and easier, the opposite is true.
    Now you claim to mind read central bankers and what they care about. The evidence says they know economics and they are buying record amounts of gold.
 
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