RE:Argonaut.....The BIG Money PitI think we all need to look at the recent environment of low interest rates.....followed by tons of cash being pushed into the financial system.
Commodity prices have been ridiculously low for as long as I can remember, and I have been constructing and starting up mines all over the world for the last 40 years.
The challenges have always been how to make money on small margins. The solution was always more volume throughput. Increase the amount of ore processed....
That is changing, low cost and high assay levels are a thing of the past....mines around the world are crushing more ore than it’s possible to imagine..they are going deeper than ever before....we are on the brink of not enough commodities ...and there is a surge in demand........if the commodity value drops, the mines will shutdown......so it won’t drop unless we go into a major recession....and nobody ant any.
It’s happening now, shortages and increased costs are hurting the mining world....We all know there are more gold and silver contracts than there is gold and silver.
The world is changing, commodities are becoming more needed than ever as technology marches on.
Why are banks buying boatloads of gold? Do people trust bitcoin or gold? As soon as this overpriced stockmarket comes back down to earth, we either have a recession or start a new era of commodity prices....
Either way gold will be on the right side...