Bruce Bragagnolo: Gold Peaked in 2015?
When you hear that gold has peaked in 2015 that tends to get my attention. I was a little surprised when Bruce Bragagnolo, Chairman of the Board, INCA One Gold, used those very words during our interview. Mr. Bragagnolo explained that he had read a study showing that gold production had peaked last year. This may be a function of price and the fact that the larger gold producers have not been able to grow their pipeline of new discoveries, but I was not familiar with gold peaking in 2015.
The pipeline supply for the large gold producers has been moving to the downside for the past several years, however, that does not effect what the juniors and minors are producing. Goldman Sachs published the results a study showing the high probability of peak gold. You can read how ZeroHedge presented the information by clicking here.