For newer readers still unfamiliar with this serial conspiracy, the basic premise is relatively simple. As the world's
By suppressing those prices, it helps to hide this inflation from the Sheep, by allowing our governments to lie about that inflation without any obvious "smoking gun" to expose those lies. We see absurdities such as in July: where the U.S. government reported (literally) 0% inflation in the U.S., with its supposedly broader measurement of inflation.
Meanwhile, the World Bank reported that global food prices were rising at an annualized rate of approximately 120% and Asian governments were
Because of the serial suppression of gold and silver prices, this makes economical gold and silver deposits less common in general -- and the large (high-grade) projects which the large-cap precious metals miners covet are even more rare. As a result, these large-cap "gold" miners (in particular) are morphing into polymetallic mining companies (generally copper/gold), as the only projects that have enough total ounces to meet their lust for size now often contain more base metals (by value) than gold.The mutation of these senior gold-producers leads to even further erosion of the return to shareholders. "Pure" gold-producers (i.e. single-commodity producers) tend to be valued at higher multiples in our markets than polymetallic producers. Thus, the obsession with size ultimately dampens investor returns even further. It's no wonder that most of these senior gold producers have been reporting flat, or even declining gold production, while smaller gold miners consistently ramp-up production year after year. It leads to a very simple equation for precious metals miners: smaller is better. Where do investors find these smaller miners with their superior growth profiles? Canada's markets (the TSX and "Venture" exchange) are the global capital for junior and mid-tier mining companies. For U.S. investors with no access to Canadian exchanges, most of these companies have either "pink sheets" listings, or are even listed on larger U.S. exchanges (most often the Amex). Having recently been driven down