Young davidison just opened up and has 15 year mine life.
Young Davidson started to run out of gold on it's first day of production and will run out of gold in only 15 years.
Not really. Just like printng paper money, gold can be produced ad infinitum.
Just like printng paper money, gold can be produced ad infinitum==Yahh,,,suree,,,,right. Just like printing paper.
Oh Gee. We are all scared now. Farm yields will collapse without gold as catalyst on plants (NOT).Oh Jewellery will be made from copper - the horror (NOT)Gold is a junk metal with few if any uses. Its price is kept up by(1) Indian buying(2) manipulation in the past 7 years or so(3) pumping on the net and by people like the beckster in recent years.Lying, manipulation and internet cyber pumping could keep it up in the air for a while but Gold will not exceed $1900 / oz for 1000 years. That is an eternity.And it could fall hard, especially if Indian buying dries up.
"Gold is a junk metal with few if any uses.""Its price is kept up by manipulation in the past 7 years or so"Let me guess, suffering from a combination of our failed public education system, overdose of CNBC and Buffett and now Munger, and denial about the state of the economy?The ignorance amongst some is just astounding.