The debate about peak gold wages on. We’ve talked about it before; basically, peak gold is the idea that production of new gold is at or near its peak, and should decline from here. There are plenty of folks on both sides of the discussion.
Peak gold believers say there are no more easily accessible large deposits of gold out there, so total gold production has to drop. Disbelievers point at the success of junior- and middle-tier miners and say there’s still plenty of gold, the big guys have simply gotten too big/lazy/stuck in their ways.
To any parent, this will sound just like your teenager talking to you… Today’s featured article is a very good presentation of the argument of the “not peak gold yet” point of view.