Why do they keep mining gold?

Clawhammer

Clawhammer

Well-Known Member
Silver Stacker
I know its a KWN article... but it underlies the question.

If gold is such a lousy investment/asset, why do we keep digging it out of the ground?

Flying over the W.A. goldfields, anyone can see the enormous effort still going into exploring for and extracting the yellow metal. It gets tougher and more expensive every year... yet billions are being poured into getting more.

There has to be a hidden 'end game'.

://kingworldnews.com/greyerz-10000-gold-and-what-i-went-through-on-black-monday-in-1987/
 
Market forces really. If one can dig it out of the ground and refine it for cheaper than what it is selling for, they can make money on it, even if they don't value it themselves. So, as long as there are suckers to buy it, there will be miners.
 
So the major banks JPM, Swiss etc & Central Banks (whom mint sovereign PM coins and have bullion reserves etc) run down the value/utility of gold...

Then loan money to/underwrite the operations of gold mining companies...

Then buy the production of the miners....

Then run down the value/utility of gold...
 
Clawhammer said:
I know its a KWN article... but it underlies the question.

If gold is such a lousy investment/asset, why do we keep digging it out of the ground?

There has to be a hidden 'end game'.
Click to expand...

It is all about getting the gold ... the modern monetary paper fiat system is a decoy and distraction to what is really going on ... getting the gold ... and Switzerland is "flush" with gold ...

http://money.cnn.com/2017/10/11/news/gold-switzerland-water-sewage-waste/index.html
 
There are people in the world that care more about power than "money" .... gold has particular desirable properties .... many people want to be "rich" but that doesn't make them much different than being a primate with a wallet ...
 
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