Russian Billionaire's Miner Sees Gold Pain as Buying Opportunity

His upbeat outlook for prices is partly driven by expectations that the industry’s cutbacks and focus on cash generation is foreshadowing a decline in production in the coming years. Global output probably peaked this year, he said.

Peak Gold
“Once it’s peaked, it’s very difficult to change the downturn direction,” Zelenski said. “It may last many years.”

Russian Billionaire's Miner Sees Gold Pain as Buying Opportunity