So the koala sat here in the eucalyptus tree on the beginning of July 4th weekend with several projects to work on but something keeps circling in the eucalyptus tree.
I thought about this in the context of the frequent gold narratives: that the gold price is suppressed/manipulated, and that majors need to replenish the supply pipeline. Shouldn't the gold crowd be welcoming the idea of gold-mining-as-unnecessary with open arms? Less gold mining means less new supply. Less new supply means a greater chance they can achieve higher gold prices despite the BaNksTeR mAnIpUlAtOrS. :-)
I thought about this in the context of the frequent gold narratives: that the gold price is suppressed/manipulated, and that majors need to replenish the supply pipeline. Shouldn't the gold crowd be welcoming the idea of gold-mining-as-unnecessary with open arms? Less gold mining means less new supply. Less new supply means a greater chance they can achieve higher gold prices despite the BaNksTeR mAnIpUlAtOrS. :-)
Much of the gold crowd (also) owns gold miners, therefore answer is probably no
Plus, downward re-rating of multiples due to "ESG" could be substantial