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'Impending gold production cliff' may deliver a jolt to prices
Assuming, of course, that buyers want actual metal instead of "paper gold."
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By Myra P. Saefong
Marketwatch.com, New York
Tuesday, July 26, 2016
Gold discoveries peaked in 2007 and production will soon follow, strengthening the value of the yellow metal and possibly fueling a boom in mergers and acquisitions in the gold-mining sector, according to Sprott Asset Management.
Discoveries of gold has collapsed since then, "despite exploration budgets increasing by 250 percent from 2009 to 2012," Sprott's gold team said in a recent note. ...
... For the remainder of the report:
http://www.marketwatch.com/story/impending-gold-production-cliff-may-del...
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