{"id":32349,"date":"2018-03-15T08:07:37","date_gmt":"2018-03-15T13:07:37","guid":{"rendered":"http:\/\/olduvai.ca\/?p=32349"},"modified":"2018-03-15T08:08:35","modified_gmt":"2018-03-15T13:08:35","slug":"peak-gold-has-arrived","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=32349","title":{"rendered":"Peak Gold Has Arrived"},"content":{"rendered":"
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Peak Gold Has Arrived<\/a><\/h3>\n<\/div>\n
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Following the recent market crash, investors lost $5.2 trillion worldwide<\/a> before the market managed to recover most of the losses. There are hints that certain bubbles are ready to burst as the worlds biggest hedge fund positions accordingly.<\/a><\/div>\n<\/div>\n<\/div>\n<\/header>\n
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In addition to the stock market, the global gold supply is weakening, leaving investors anticipating higher prices. In 2017, the gold supply plummeted the most since any year since 2008.<\/a> If the supply of gold is really plateauing, experts are predicting a \u201cpeak gold\u201d period.<\/p>\n

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China, the world larger miner of gold, produced 453 tons of the metal in 2016. In 2017, China\u2019s production fell by 9 percent. If production of gold continues to fall, a rise in global demand is a certainty. The demand will come from investors and centrals banks unwilling to rely<\/a> on the dubious strength of the US dollar.<\/p>\n

Chinese is enjoying a boon economy, and the newly rich who can afford it are looking to buy physical gold in an effort to protect their wealth. China supplies its gold only domestically and does not export the metal. If China\u2019s domestic gold supply is depleting, it will certain seek to buy gold elsewhere. Part of Chinese economic plan is to potentially reduce the global dominance of the dollar with the yuan.<\/p>\n

The US dollar has dominated the global currency market for over 40 years. China, and Russia are actively increasing their gold reserves, which could lead to both economic and political uncertainties as more countries begin to dump US Treasuries<\/a>. Both Russia and China are planning to use gold-backed currency<\/a> as payment when trading with each other. This makes gold a critical commodity for both countries.<\/p>\n

China might import gold to meet its own demand. But the available supply of gold is finite. During the past 15 years, global gold deposits have become depleted, and replacement deposits are becoming rarer each year.<\/p>\n

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…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Peak Gold Has Arrived Following the recent market crash, investors lost $5.2 trillion worldwide before the market managed to recover most of the losses. There are hints that certain bubbles are ready to burst as the worlds biggest hedge fund positions accordingly. In addition to the stock market, the global gold supply is weakening, leaving […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[18902,374,14606,18792,14605],"class_list":["post-32349","post","type-post","status-publish","format-standard","hentry","category-economics","tag-alex-deluce","tag-gold","tag-gold-production","tag-gold-telegraph","tag-peak-gold"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/32349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32349"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/32349\/revisions"}],"predecessor-version":[{"id":32350,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/32349\/revisions\/32350"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}