Silver Report Uncut: Gold Reserves Down 50% w/ David Garofalo



Silver Report Uncut
Oct 2, 2020

"We have experienced peak Gold" is one of the most profound themes of our day as we watch our fiat currencies fail at a time when the available gold supply is dwindling.  We ask David Garofalo what's next for the gold market and He explains about http://goldmining.com or Goldmining inc's new company and how they plan to take Goldmining to the next level and fundamentally transform their current business. Another major factor in gold price is inflation and as our guest alluded to during the Interview we are about to experience inflation in a very meaningful way and there's no sign of money supply slowing anytime soon.  David believes the bull market in Gold and Silver are far from over and He is even more bullish on silver and said if you believe the calls for $3,000 an ounce Gold then $100 silver seems like a reasonable price.  The big subject is peak gold as David mentions that Gold reserves are down 50% over the past several years and Gold companies have been focusing on returning value to shareholders in the form of share repurchases or dividends and less on exploration which has led many producers into a corner in regards to the supply of physical gold.  That's why they formed Gold Royalty Corp.

https://www.goldmining.com/gold-royalty-corp/ and wanted to begin development of the resources held in goldmining inc because producers quite simply do not have the reserves and will need to purchase them in order to raise capital or continue operating.  Fascinating insights into our economy and what's next for the gold market from industry experts like David who have graced numerous leadership positions in the Gold and silver mining industry.

https://www.youtube.com/watch?v=0P59uzWJLPg

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