Russian Billionaire's Miner Sees Gold Pain as Buying Opportunity
By GCRU Gold News on Tuesday, September 22 2015, 04:18 - Permalink
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.”