Gold: Why Empires Fall
2023.08.03 16:33
Mining is the new, old industry as the search for critical minerals promises a multi-decade mining boom, driven by the tech industry, renewable demand and decarbonization which requires a lot of metals. Bottlenecked supply chains, US-China tensions and the fact most of the major low-hanging fruit or mines have been found has prompted governments and even Justin Trudeau to ease draconian government mining regulation as governments attempt to replicate China’s integrated supply chain for resources.
If the West is to lessen China’s hammerlock on critical minerals and processing, they will have to grant the permits or remove the regulation blocks of the more than 100 policies and regulatory regulations which have been erected over the past few years according to the International Energy Agency. is the ultimate critical mineral and the world’s most valuable metal. While demand for gold has grown exponentially, the total supply of gold has grown slowly because the mining industry has not replaced its reserves in the ground. Peak gold has arrived.
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