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 a continuing theme. Mike graduated with a business degree, then worked with Macy's. After Macy's he spent a summer trading his own account, which taught him a lot about trading in general and markets in particular. Trading through the Black Monday and the Crash of 1987 showed him how most people are unprepared for upheavals in their trading. He then joined a well-known financial planning firm as a financial advisor, helping regular people understand their finances and meet their life goals.

Then came the usual story - Mike met and married the lady of his dreams. They moved to upstate New York, where he worked first for a small manufacturing consulting company, then a major university. While loving the work and the higher-education atmosphere, Mike missed the world of finance. Eventually, he signed up for stock trading coaching with the Adam Mesh Trading Group, to learn from people who understood modern markets. Within a year, Adam asked Mike to become a stock trading coach.

Since then, Mike has trained over 200 individuals, spoken at several national conventions, and is a frequent contributor to conference calls across the Adam Mesh community. 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 keep him in touch with "the student mindset". Mike closely follows the gold, energy, and financial sectors. His motto is "Plan your trade, then trade your plan!"

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