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mce-anchor 'Peak Gold' Scarcity Could Drive Gold Value Above...

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    'Peak Gold' Scarcity Could Drive Gold Value Above $1,600


    (Elen/Dreamstime)
    By Peter Reagan
    Wednesday, 23 May 2018 03:53 PMCurrent | Bio | Archive


    Read Newsmax: 'Peak Gold' Scarcity Could Drive Gold Value Above $1,600 | Newsmax.com
    Important: Find Your Real Retirement Date in Minutes! More Info Here

    A spike in gold exploration spending between 2006 – 2008 created the conditions for mining companies to boost production over the last decade.
    But we’ve reached peak production, and are headed down “Gold Mining Mountain.” With supply down, prices for gold will likely be on the rise.
    As we mentioned last week, a strategist at Bank of America says gold may be headed for $1,450/oz. Now, the Chairman of Goldcorp is saying $1,600/oz.
    Whatever prediction plays out, gold is sitting pretty. It’s best to get ahead of the crowd before everyone starts scrambling for gold.



    Read Newsmax: 'Peak Gold' Scarcity Could Drive Gold Value Above $1,600 | Newsmax.com
    Important: Find Your Real Retirement Date in Minutes! More Info Here
 
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