Share
clock Created with Sketch. 26/09/15
21:02
Share
Originally posted by AverageJoe
↑
I think some folks are confusing between outcrop style open pit resource to UG mining. The days of shallow open mining is probably numbered so the much higher risk/cost UG is where most mining takes place hence the POG will determine who is still in the game. There is no shortage of gold, just shortage of easily mineable gold.
Expand
Gold is a far better hedge against deflation. In an environment of collapsing asset prices and flattening bond yields it tends to retain its value to a greater extent.
