Gold, Silver Plunge As Fears Monetary Punchbowl Is Taken Away Spread
It seems the initial drop was merely the appetizer as Gold and Silver are now down considerably...
Chart: Bloomberg
Original source
Chart: Bloomberg
Original source
Peak Silver Revisited
The world is about to peak in global silver production. This will not occur due to a lack of silverto mine, but rather as a result of the peaking of world energy resources, declining ore grades,and a falling Energy Returned On Invested –EROI. The information below will describe a futureworld that very few have forecasted and even less are prepared. This is an update to myprevious article Peak Silver and Mining by a Falling EROI.In my first article I stated that global silver production may peak in 2009 if we were to enter a worldwide depression. We did nothave the global depression as massive central bank printing and bailouts have thus farpostponed the inevitable. Peak Silver Revisited
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