Bullion hit an all-time high of $2,483.73 an ounce on Wednesday.
Over two-thirds of today’s junior miners are essentially worthless, says resource speculator Rick Rule.
The decision will hit artisanal miners of metals such as gold and tin hard, as they are the region's dominant producers.
The gold miners’ stocks have blasted higher to a powerful upside breakout this month.
2 Comments
Matt
Bitcoin tech business’s may well succeed using bitcoin as a trading medium, but other than that it “isa classica aponzi schema” Who knowa where you snappa ya fingers and a money appear out of a tin air!
Lamb
Everyone backing BIT COINS seems to think that it is an ‘easy take’ – just claim that you own BIT COINS and you are off to being a millionaire. There is no work involved – just read the intro – ” Instead of shovels and buckets these miners use computers and cryptography”. Lets get this clear – THEY ARE NOT miners – THEY ARE SCAM ARTISTS CREATING A MAKE-BELIEVE CURRENCY. A Bit-Coin has no real value – HOW MANY TIMES DO YOU HAVE TO BE TOLD?