Perspectives Prix de l'Or / Peak Gold, etc

**phv** Barreur Inscription : 02/03/2009 Messages : 245

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...)

extrait :
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.

[url=http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9193361/Gold-crash-on-Fed-tightening-and-euro-salvation-looks-premature.html ]http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9193361/Gold-crash-on-Fed-tightening-and-euro-salvation-looks-premature.html [/url]

**phv** Barreur Inscription : 02/03/2009 Messages : 245

Yearly Gold Production Is Now On A Permanent Downwards Slope
(snip)
after ten years of declining production it is time to recognize that the world has seen the peak in gold production
Read more: http://articles.businessinsider.com/2009-11-14/markets/30081400_1_gold-industry-gold-coins-barrick-gold#ixzz1rd6jkIaB
Business Insider :

Is the World Tottering on the Precipice of Peak Gold?
Richard A. Kerr, Science
(snip):
... The golden age seems to be over. “It's becoming harder and harder to find” gold, concludes minerals analyst Michael Chender, CEO of Metals Economics Group in Halifax, Canada. “There's a general sense that most of what's easily available has been found and picked up.” Andrew Lloyd agrees; the industry “has increased exploration, but they're not finding a lot of new deposits, especially the large ones,” says the spokesperson for the world's largest gold mining company, Barrick Gold Corp., headquartered in Toronto,
Canada. “The industry as a whole is really struggling to keep up with demand.”
The golden age seems to be over