20th Anniversary Deals: Get Them While They Last
Gold market experts Frank Giustra and Grant Williams delivered important warnings about the future of gold during their presentation at VRIC. They highlighted a significant divide in how different parts of the world approach gold investment. Eastern investors tend to view gold as a way to preserve wealth over the long term, while Western investors are more attracted to quick gains from technology stocks and cryptocurrencies.
The experts warned of an approaching crisis with the U.S. dollar and emphasized that gold will be crucial for protecting investment portfolios. However, they also pointed out serious troubles brewing in the gold mining industry itself. Gold reserves have fallen by 40%, and the costs of mining gold have risen dramatically.
Making matters worse, mining companies haven’t invested enough in exploration over recent years, and they’re finding it increasingly difficult to operate in politically stable countries. These combined factors could lead to a significant shortage in gold supply, as major mining companies struggle to find enough new gold to replace their dwindling reserves.
