---
title: "Saturday Gold Bugs"
url: https://independentstockanalysis.com/saturday-gold-bugs-3/
description: "“In 2011 gold-mine production came in at an all-time record high. And in 2012 experts anticipate production to be even higher, edging above the previous…"
published: 2012-08-04
updated: 2012-08-04
---

# Saturday Gold Bugs

Published 2012-08-04

Posted on

by

J.J. Butler

“In 2011 gold-mine production came in at an all-time record high. And in 2012 experts anticipate production to be even higher, edging above the previous year’s 87m-ounce tally.” [Zeal](http://www.zealllc.com/2012/gmhlth.htm)

Yet another large gold company board acted aggressively as Kinross replaces Tye Burt as chief executive at [Globe and Mail](http://www.theglobeandmail.com/globe-investor/kinross-replaces-tye-burt-as-chief-executive/article4456851/). Why Do We Need Gold Stocks? [All Star Charts](http://allstarcharts.com/why-do-we-need-gold-stocks/). Tanzania tells mining companies to pay 30 pct corporate tax at [Reuters](http://in.reuters.com/article/2012/07/27/tanzania-mining-idINL6E8IRLWH20120727). Perhaps this has something to do with Franco-Nevada (FNV) and Royal Gold (RGLD) outperforming.

Gold and grain: [WSJ](http://online.wsj.com/article/SB10000872396390443866404577564362406672118.html?mod=rss_markets_main). Peter Schiff’s [Gold Letter](http://campaign.r20.constantcontact.com/render?llr=jdw6xxdab&v=001wqUa7FwuvM4qoXXDfIwgqaidJeFpX3ONVkhrduRuACvChPpKIuw_6GPks6SPG140voUfI9JuW7hWwwH-1jqYAXB422Scw5dr5u1Z7UhBgu-F5oG9I165GnQOPgUVVeZkfMBWSzFkpgc%3D).

This is what they tell the average financial advisor salesman: [Advisor Perspectives](http://advisorperspectives.com/newsletters12/pdfs/The_False_Promise_of_Gold_as_an_Inflation_Hedge.pdf).

Moreover, the investor can do worse than non-gold Commodity Plays For the End of Fiat Currency ([Commodity HQ](http://commodityhq.com/2012/commodity-plays-for-the-end-of-fiat-currency/)).

“Platinum charts are “on the edge of the cliff” for a $130 per oz. drop and possibly a $250 drubbing” from [Peter Brandt](http://peterlbrandt.com/why-i-think-platinum-prices-can-drop-possibly-sharply-and-other-random-ramblings/). Platinum is on the Edge by [Dragonfly Capital](http://dragonflycap.com/2012/08/02/dont-buy-that-wedding-band-yet-platinum-is-on-the-edge/).