Loading ...RANKED: The World’s Largest Gold Mines
More than half of the world’s top 10 mines—including Nevada, Olimpiada, and Grasberg—failed to maintain prior-year output. From the Grasberg force majeure to aging ore bodies, supply-side flexibility is tightening, just as central banks accelerate buying.
https://x.com/mining/status/2037304421466378382
It’s even worse with a number of the largest silver mines that have recently suspended operations or producing at much lower levels of output. In the case of less gold, you just get a higher price. In the case of silver you get a higher price but you can’t produce as many cars, solar panels, missiles, etc. etc. etc.
One more arrow in the quiver of G&S bugs…hi ho PM’s! Get on board.