Foreclosure of mines because of increasing production costs. Also production disruptions due to poor management and lack of intellectual property; new mines will take longer to commission and subsequent shutdowns will be the norm due to human error.
World demand for the shiny stuff is growing because of high growth in new economies and there perceived notion that gold is a store of value, their customs and traditions and increase purchasing power will have a compounding effect on demand. Supply will have trouble in the near future to meet the demand -IMO.
I really don’t like Gold. Investing is not about liking something it’s about making money.
Rgds
LSM
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