John Embry: Why gold will keep going up for years « Oikonomika Blog
The least important is scrap recovery, but it was briefly a negative in early 2009, when a lot of people around the world couldn’t wait to get rid of their jewelry and realize a little cash for the gold contained in it. … I base my opinion on numerous factors, including a dearth of quality projects ready for mining, continuing geopolitical and environmental issues, less high-grading as the gold price rises, ongoing capital constraints, and a chronic shortage of skilled …
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