Loading ...I knew that day it was crazy low. We will probably never see a low of $1700 again. That had to be the last chance re $1700. But it would cost $150 more for Eagles, $1850 anyway. I looked it up on the lows. The dealers raised the commission.
https://finviz.com/futures_charts.ashx?t=GC&p=w1
https://seekingalpha.com/article/4523336-gld-gold-is-spring-loaded-for-an-end-of-summer-bounce
“Peak gold” is a projected date wherein the amount of gold ore extracted from mines around the world reaches a peak, and then goes into decline. Various gold analysts have predicted that gold mining will peak somewhere between 2014 and 2025. While the 2014 call was premature, the chart below indicates gold mining may have peaked in 2019. Notice that with the exception of 2008, there is not a single year past 2007 where the global production of gold declined until 2020, when you have two annual declines in a row.
Author created graph (USGS, Kitco.com)