Gold News: Billionaire Sounds Peak Gold Alarm

By now you’re familiar with the term peak gold, we’ve talked about it before. And let you ponder whether or not we’re actually there. Today’s gold news has the founder of Franco-Nevada sounding the alarm.  

Pierre Lasonde isn’t your run-of-the-mill opinion person.  He has a long and very successful career in the gold sector. Besides founding Franco-Nevada, he’s the former head of Newmont Mining. So if he says we might be nearing trouble, it pays to listen. Lasonde points at the lack of large discoveries in the past 2 decades as a warning sign. And he’s not alone.  

Today’s featured article drops names and gives numbers to help you decide for yourself if we’re close to peak gold.  In future articles we’ll talk about what you can do about it. What do you think? Are you worried about peak gold? Let us know what your thoughts and your plans are in the comments below.

 Related: Is China Controlling the Gold Market? Learn More Here. 

About the author

Mike Hammer

Mike Hammer has had a wide-ranging career, with trading and investing as continuing themes. Mike graduated with a business degree and spent years as a financial advisor, before moving to New York and to pursue a career in IT and education. For more than a decade Mike has been working with the Adam Mesh Trading Group as a stock market and commodities mentor. He’s trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to educational webinars.

Mike writes The Gold Enthusiast daily newsletter, runs the Golden Hammer trading service, and participates in the Mesh Private Portfolio. He also keeps a position in international education which keeps him in touch with "the student mindset".

Mike focuses on the precious metals markets, the energy industry, and the financial sector. His motto is "Plan your trade, then trade your plan!"

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