Are we approaching 'Peak Gold'?
High prices are encouraging mining, pushing up costs, and encouraging recycling. Despite these tail-winds, gold supply growth is stalling, indicating that we may be approaching 'Peak Gold'.
Overview
The World Gold Council (WGC) released its Global Demand Trends (Q1) last week. Examination of supply and demand and changes in above-ground stocks can have powerful implications for commodities, particularly those with limited inventory and/or perishability. But in the case of gold, there is essentially no direct connection between changes in su…
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