Mines are not as productive as they used to be. Supply is very constrained. So if we get a big increase in demand, there are really no significant new gold deposits that are going to come on-stream any time soon. So the companies that are already producing are simply going to be able to get a lot more money for the ounces that they pull out of the ground.
Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
The Japanese Will Suffer, But Stockbrokers, Currency Traders Will Do Better
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"One hundred twenty-five million Japanese stand to lose the most because of
inflation. Everything Japan imports is going to go up dramatically in
price. Th...
23 hours ago