Peak gold is ridiculous. Everything is simply a matter of price. If supplies are running low, the price MUST go up to mine lower grade reserves. We don't need to invent conspiracies.
Give me a break. "peak Gold"
7 years ago in #steemsilvergold by peaceloveliberty (58)
$0.11
- Past Payouts $0.11
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32 votes
- peaceloveliberty: $0.03
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Or put another way, the manipulated price is so low that miners have cut production or gone bankrupt, which in effect looks like production has peaked. Once the manipulation stops, just watch as the miners go back to work, profitably............simple economics
great job @peaceloveliberty
