In an excellent new piece entitled, “The growing 90% club and why gold production is going to go to zero”, Hinde Capital’s Co-Founder and CFO, Mark Mahaffey, asserts that it’s only a matter of time before world gold production goes to zero. That end-point is approaching quickly he implies, as the cost to pull an oz. of gold out of the ground is growing faster than ever before.

Here is an excerpt from Mark’s piece:

“If gold prices stay at the current levels for a prolonged period of time, do not be surprised if gold production falls much closer to zero. From an investor’s perspective it is a treacherous minefield. Of course, there are companies who really do have high grade ore reserves who can really claim to mine at $800/ ounce but these are very rare, maybe less than 5% of the 2000 quoted companies. The Northern Miner writes that out of their survey of 1400 Toronto listed firms, 721 currently have less than $200k cash in the treasury.

…read more plus the conclusion HERE