Article du Telegraph au sujet des perspectives sur l'évolution des prix de l'Or :
(Trouvé sur le blog de Jovanovic, qui est à lire régulièrement, même si on ne l'aime pas...)
James Steel, HSBC’s gold guru, said the “marginal cost” for mining gold is around $1450.
That is when miners leave low-grade ore in the ground and weaker producers shut down.
It creates a natural floor of sorts.
Besides, `peak gold’ is a more immediate reality than `peak oil’, he said.
There has been no equivalent to the shale revolution seen in oil and gas.
World output has been stuck for a decade at around 2700 tonnes a year despite a fourfold increase in investment.
There are no great finds, no Wittwatersrand this time.
There will come a day then the bullion super-cycle finally sputters out.
My guess is that it will come once Europe’s monetary system has returned to a viable footing - either by real fiscal union, or by break-up - and once China’s RMB becomes fully convertible and takes it place as the third pillar of the world’s currency system. We are not there yet.