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Friday, May 3, 2019

Peak Gold? We’re In It Already Says Expert


Gold has already peaked in terms of production, but it may be years before prices reflect this reality, this according to Jorge Ramiro Monroy, managing director of Emerging Markets Capital. 

“We’re all waiting for that scenario to really unfold,” Monroy told Kitco News on the sidelines of the Mines and Money New York conference. 

“We’re in it already. The trick is that it could still be years before there is a break in the system. 

You already saw it with palladium this year where actual physical constraints made prices shoot up. Silver is looking like it could have something similar.”

- Source, Kitco News