A concern, particularly when there is a run on a bank...
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Gold is still essential, but critical metals shine bright during PDAC 2023..."
https://www.kitco.com/news/2023-03-10/Gold-is-still-essential-but-critical-metals-shine-bright-during-PDAC-2023.html
"... Kevin Murphy, principal analyst for metals and mining research at S&P Global Commodity Insights, said that currently, gold exploration accounts for about $9 billion in all exploration spending, representing about 69% of global exploration spending. He added that gold's share of the global marketplace has dropped significantly in the last few years.
Murphy added that he wouldn't be surprised to see a further shift in the marketplace.
"Gold is still the focus in the mining sector," he told Kitco News. "But maybe it should be less. If you cut gold exploration by 50%, the world will keep going. Yes, gold would be more expensive and you would see maybe lower jewelry demand. But you cut copper exploration by 50% and the world would shut down."..."