In a way, the peak gold debate started last month by the highly-regarded research outfit, S&P Global Market Intelligence, is a terrific example of what happens when people forget the lesson of history - they repeat them.
In the case of peak gold and peak oil it might be claimed that the two are very different commodities when that's not the case even if one is a metal and the other a fuel.
Both are discovered through exploration. Both enjoy strong consumer and investor demand, and both are yet to reach peak production for these reasons:
- Ingenuity. Clever people have always been able to find more oil and more gold by applying...