“[CPM Group’s Jeff]Christian largely agrees with my comment, and Telfer’s, that peak gold, or thereabouts, is effectively already with us and again with my comment that Telfer’s statement that all the major gold deposits have been found already was unrealistic.”
USAGOLD note: A different perspective from the one we bandied about yesterday and worth noting at the link. Though there may be major deposits (as Christian and Williams point out) yet to be found, the lead times (also addressed by Williams in the article) and environmental considerations involved do not sideline or undermine the peak gold argument – at least as far as the next decade or so is concerned. The gold market will deal with all of that. . . . all in good time.