Peak Gold Now?
Youtube text: On behalf of Matterhorn Asset Management, financial journalist Lars Schall talked with exploration geologist and mining entrepreneur Keith Barron. They’ve discussed, inter alia: the challenges for gold mining companies; the effects of a downward rigged gold price on Third World countries; the “inevitability” of a gold price at 5000 USD per ounce in the future; and Barron’s support for the Swiss gold initiative.
*Peak Gold = a moment in time that gold mining peaks
[goldswitzerland.com] – “I believe we’ve seen Peak Gold”, Keith Barron PhD
Until 1985 the equation was: “gold = South-Africa”. Now China is the largest producer.
China and Russia are still able to increase production, the others are in decline, so the idea of ‘peak gold’ is not far fetched.
[wikipedia.org] – List of countries by gold production (2013)
Editor: Keith Barron is an exploration geologist with over 27 years experience in the mining sector. He thinks that the world has reached the maximum gold production level (“peak gold”). Additionally he believes that the US in particular is not honest about its real gold stockpile and that most has been leased or sold.