Thanks Dub, a very good article.
But be careful, readers, of the scale on the graph. As someone who has fiddled with scales many time to enhance (or hide) trends in corporate presentations, it can be a very effective way to create whatever impression you want to get across.
At first glance at the graph, it looks like gold production has fallen off the edge of a cliff, UNTIL you look at the scale. It has been drawn within an 8% range.
If the graph were drawn between 0 and 100moz, it would be immediately apparent that gold production has only dropped at little over 8% in 8 years. Significant yes, but not enough to cause a stampede of the Perth Mint.
Whilst gold production may have droped by less than 1% per year, I expect a greater return than 1%pa! :)
I am still strong on gold though... I like TRY, and AAM. Check out their EV's and production profiles relative to their mcaps.
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