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Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals more

Gold production may plunge after price fall supporting gold

Posted on 06 June 2013

Mining for gold and other precious metals is far from easy and gets harder every year. Miners are having to go deeper and deeper into the ground in the attempt to extract the precious metal from the bowels of the earth. Ore grades are declining globally and peak gold has been reached in South Africa and may have been reached globally.
The poor miners in South Africa who are wielding machetes today will testify as to just how very hard it is to mine for the earth’s precious metals – despite the huge advancement in technology seen in recent years………………………………………..Full Article: Source


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VRS - who has written 36171 posts on Opalesque Commodities Briefing.


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