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Gold mining has flatlined...

 
pool
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02/24/2023 03:18 AM

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Gold mining has flatlined...
[link to www.bbc.com (secure)]

"While the growth in mine supply may slow or decline slightly in the coming years, as existing reserves are exhausted, and new major discoveries become increasingly rare, suggesting that production has peaked may still be a little premature," says Hannah Brandstaetter, a spokesman for the World Gold Council.

Even when peak gold happens, experts say the years immediately after it are not likely to see a dramatic decrease in production. Instead, we could see a gradual depletion of output over a few decades.

"Mine production has flat-lined, and is likely on a downward trajectory, but not dramatically so," adds Ross Norman of MetalsDaily.com.


So crypto assets are the only thing replaceable until REA (rare earth elements) arrive from the beyond.
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Anonymous Coward
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02/24/2023 03:20 AM
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Re: Gold mining has flatlined...
Didn't they just find a trillion dollar site in Africa what are you talking about?
Anonymous Coward
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02/24/2023 03:22 AM
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Re: Gold mining has flatlined...
Recent exploration surveys in Uganda have led to the discovery of approximately 31 million tons of gold ore, from which an estimated 320,158 tons of refined gold could potentially be extracted, with its value currently standing at $12.8 trillion
Anonymous Coward
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02/24/2023 03:23 AM
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Re: Gold mining has flatlined...
Recent exploration surveys in Uganda have led to the discovery of approximately 31 million tons of gold ore, from which an estimated 320,158 tons of refined gold could potentially be extracted, with its value currently standing at $12.8 trillion
 Quoting: Anonymous Coward 72619023


And there is lots more than that in other parts of Africa
Anonymous Coward
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02/24/2023 03:23 AM
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Re: Gold mining has flatlined...
Recent exploration surveys in Uganda have led to the discovery of approximately 31 million tons of gold ore, from which an estimated 320,158 tons of refined gold could potentially be extracted, with its value currently standing at $12.8 trillion
 Quoting: Anonymous Coward 72619023


You'd have to be an actual retard to believe that shit rofl5
Anonymous Coward
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02/24/2023 03:24 AM
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Re: Gold mining has flatlined...
Oh I see it's from the bbc no wonder
Anonymous Coward
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02/24/2023 03:26 AM
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Re: Gold mining has flatlined...
Recent exploration surveys in Uganda have led to the discovery of approximately 31 million tons of gold ore, from which an estimated 320,158 tons of refined gold could potentially be extracted, with its value currently standing at $12.8 trillion
 Quoting: Anonymous Coward 72619023


You'd have to be an actual retard to believe that shit rofl5
 Quoting: Anonymous Coward 68620609


Why Africa is virgin ground they have only used primitive methods of mining there a lot of fun gold there dude
Anonymous Coward
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02/24/2023 03:26 AM
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Re: Gold mining has flatlined...
Didn't they just find a trillion dollar site in Africa what are you talking about?
 Quoting: Anonymous Coward 72619023


that was a fake news story to suppress the price.
Anonymous Coward
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02/24/2023 03:28 AM
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Re: Gold mining has flatlined...
Didnt they just find a bunch in Washington state?
Anonymous Coward
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02/24/2023 03:29 AM
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Re: Gold mining has flatlined...
Didn't they just find a trillion dollar site in Africa what are you talking about?
 Quoting: Anonymous Coward 72619023



the process of finding a deposit to actually having a producing mine takes years, decades, of red tape, raising capital, and a million other issues.

if it's somewhere remote in Africa, it may as well be on mars.
Anonymous Coward
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02/24/2023 03:31 AM
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Re: Gold mining has flatlined...
Didn't they just find a trillion dollar site in Africa what are you talking about?
 Quoting: Anonymous Coward 72619023


that was a fake news story to suppress the price.
 Quoting: Anonymous Coward 85330944


Ah f it why not everything is fake now
Anonymous Coward
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02/24/2023 03:32 AM
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Re: Gold mining has flatlined...
Recent exploration surveys in Uganda have led to the discovery of approximately 31 million tons of gold ore, from which an estimated 320,158 tons of refined gold could potentially be extracted, with its value currently standing at $12.8 trillion
 Quoting: Anonymous Coward 72619023


You'd have to be an actual retard to believe that shit rofl5
 Quoting: Anonymous Coward 68620609


Why Africa is virgin ground they have only used primitive methods of mining there a lot of fun gold there dude
 Quoting: Anonymous Coward 72619023


Nope.
Anonymous Coward
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02/24/2023 05:58 AM
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Re: Gold mining has flatlined...
Didn't they just find a trillion dollar site in Africa what are you talking about?
 Quoting: Anonymous Coward 72619023


that was a fake news story to suppress the price.
 Quoting: Anonymous Coward 85330944


hesright
Anonymous Coward
User ID: 85342908
Germany
02/24/2023 06:03 AM
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Re: Gold mining has flatlined...
[link to www.bbc.com (secure)]

"While the growth in mine supply may slow or decline slightly in the coming years, as existing reserves are exhausted, and new major discoveries become increasingly rare, suggesting that production has peaked may still be a little premature," says Hannah Brandstaetter, a spokesman for the World Gold Council.

Even when peak gold happens, experts say the years immediately after it are not likely to see a dramatic decrease in production. Instead, we could see a gradual depletion of output over a few decades.

"Mine production has flat-lined, and is likely on a downward trajectory, but not dramatically so," adds Ross Norman of MetalsDaily.com.


So crypto assets are the only thing replaceable until REA (rare earth elements) arrive from the beyond.
 Quoting: pool


it has flatlined because ALL metals including Gold froze in price advancement

only shit is moving is the buy power off Dollar/euro


If you can't mine gold for the actual price... means price is manipulated very heavily
Anonymous Coward
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02/24/2023 06:06 AM
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Re: Gold mining has flatlined...
Didn't they just find a trillion dollar site in Africa what are you talking about?
 Quoting: Anonymous Coward 72619023


that was a fake news story to suppress the price.
 Quoting: Anonymous Coward 85330944


hesright
 Quoting: Anonymous Coward 79633809


it was bullshit story to force people to buy Dollar when it was rising



metal shortage coming

palladium already got nakedshorted to last numbers 2018/2017

in a time where we see WW3 coming into play

perfect display how fake all markets are

prices are not realistic
Anonymous Coward
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02/27/2023 12:28 AM
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Re: Gold mining has flatlined...
Come on.
Anonymous Coward
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03/02/2023 01:21 PM
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Re: Gold mining has flatlined...
The energy it takes in refining will drive the price HIGHER
Anonymous Coward
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03/02/2023 01:24 PM
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Re: Gold mining has flatlined...
If everyone created their own crypto, what wpuod happen.
Asking for a retarded group of people on GLP.
Agent 99

User ID: 77082640
United States
03/07/2023 11:12 AM

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Re: Gold mining has flatlined...
Didn't they just find a trillion dollar site in Africa what are you talking about?
 Quoting: Anonymous Coward 72619023


that was a fake news story to suppress the price.
 Quoting: Anonymous Coward 85330944


hesright
 Quoting: Anonymous Coward 79633809


it was bullshit story to force people to buy Dollar when it was rising



metal shortage coming

palladium already got nakedshorted to last numbers 2018/2017

in a time where we see WW3 coming into play

perfect display how fake all markets are

prices are not realistic
 Quoting: Anonymous Coward 85342908


And today huge drop. Total manipulation.
Fortis et Fidelis
Agent 99

User ID: 77082640
United States
03/07/2023 11:13 AM

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Re: Gold mining has flatlined...
The energy it takes in refining will drive the price HIGHER
 Quoting: Goneviral


Remember those huge tunnel machines that were ordered a few years ago by OIL REFINING countries? Betcha they are digging for gold.
Fortis et Fidelis
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03/07/2023 11:20 AM
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Re: Gold mining has flatlined...
Bai Moar





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