Of course the price could plummet to 1.30 briefly but we need to remember these nominal prices are in US$ and the US$ is the one commodity that the world will never exhaust (until it becomes extinct).
I think the 10% pa deflation in the value of the dollar will ultimately mean the prices will not go much lower. They won't be worth any more buying power, but this is the new inflationary world.
It would be interesting to compare the price of zinc/copper etc in GOLD over the last 30 years. Has anyone done this?
ZFX
zinifex limited
