rupert gold (RUPRF)

[petcharlie]

"only a fraction of gold is priced in U.S. dollars. Roughly 90% of gold demand comes from the rest of the world, and gold prices were stable or went up around the globe in 2015 when priced in local currencies, including the most important markets — India and China.

That demand, coupled with sinking currencies, and emerging market and Chinese economic weakness, is only climbing. However, supply isn't easily matched to demand.

While demand can change quickly, supply cannot. Mining is capital intensive, and it often takes 20 years or more for gold in the ground to actually make it to the market.

"Production is going to start trending down, and most estimates put 2014 and 2015 as the peak of production for many years to come.

Add in the debt burden of mining companies and the overly high cost of pulling gold out of the ground for major producers — most major miners have all-in sustaining costs around or $1,000 per ounce — and there isn't much chance to find financing or free up cash for capital investment.

So, to sum it up, outside of suppressed prices in U.S. dollars, gold prices are trending up in the global market, demand remains strong, yet supply is going to be hindered for years to come due to falling production and lack of capitol."

quotes from"OUTSIDER CLUB"

FOR the above reason joint venture with Goldcorp is a no brainer.
IMVVHO