josh mandell thinks it will top at 16k and then never outperform again...
that's a lot of debasement! seems like it would be cheaper to find a new mine at that point.
Discussion
Gosh so 3x from here. Yes I would argue that the gold miners would kick into gear at that point and supply would catch up. How quickly? The market will tell us
mmm... good point. there is some resistance with physical mining. also i heard there was some huge mining accident in Indonesia gold/copper mine recently