It's Not the Peak in Gold Prices that I'm Concerned about, It's How Steep Is The Ride Down That Worries Me!
Louise Yamada talks about the POG peaking at about $5,200/oz sometime around 2018. Some see the peak happening sooner. But what concerns me, and what doesn't get discussed much, is what happens to the POG as the manic phase wanes.
As I recall, gold prices descended rapidly following the manic spike up in January 1980... from $850- something down to the $500's or so that year. Also I remember that the miners did quite well for more than just several years following 1980.
I'd like to hear what the Peak Gold Crowd thinks will happen following the crescendo of the gold manic phase.
