Global gold production is essentially flat from seven years ago.
Then add:
▪️Mining capex remains historically depressed.
▪️Very few significant gold discoveries in recent years.
▪️Almost no major projects expected to come online over the next 5-7 years.
Keep in mind that central banks still hold less than 20% of their balance sheets in gold — a sharp decline from around 75% in the past.
J.P. Morgan put it best:
“Gold is money. Everything else is credit.”
Global gold production is essentially flat from seven years ago.
Then add:
▪️Mining capex remains historically depressed.
▪️Very few significant gold discoveries in recent years.
▪️Almost no major projects expected to come online over the next 5-7 years.Keep in mind that… pic.twitter.com/bwNYWqbLZD
— Otavio (Tavi) Costa (@TaviCosta) May 30, 2025
No one owns enough gold to protect themselves from what is to come.
Yes, US debt ceiling will be raised again
Yes, next monetary system will come from the East
Yes, COMEX will run out and default
Yes, USD will lose reserve status
Yes, the debt cycle will end in chaos
Yes,… pic.twitter.com/gt3EQjluiD— Peter Gregor (@GregorPepe) January 17, 2025