Saturday, 21 March 2015

Richard Ebeling: More Centrally Planned Credit Bubbles Coming Soon!



It is time to refresh our memories about the boom and busts and study Austrian Economics.


Gold Demand In Asia Seen Doubling As ANZ Sees Record Prices.

   



  Bloomberg reports about the record rising demand for Gold from Asia. This doubling in gold demand will be met with reduced supply after the expected Peak Gold production in 2015.



"Gold production is expected to peak in 2015. As the next chart suggests, the discovery cycle peaked some 20 years ago, and that will only reflect as of this year in the production volumes. Combine this with the falling gold prices (currently right below the average cost of production), and the result is a series of liquidations of miners and mining projects which would lead to an even more drastic short-term decrease of gold output."