“I believe we’ve seen Peak Gold”

On behalf of Matterhorn Asset Management, financial journalist Lars Schall talked with exploration geologist and mining entrepreneur Dr. Keith Barron, who is a scientist and explains in no uncertain terms what is going on in the mining industry, the false accounting relative to the cost of exploration, what happened when gold went up to 1,900 USD, why gold versus USD simply must go to at least 5,000, why ‘gold above ground’, if anything, is overstated, and why the Swiss GoldInitiative is indeed very important and not just for the Swiss People, as well as his view on silver.

By Lars Schall

The following podcast interview was originally conducted for and published by Matterhorn Asset Managememt in Zurich, Switzerland here:


THE MATTERHORN INTERVIEW – October 2014: Keith Barron PhD

“I believe we’ve seen Peak Gold”

Keith Barron is an exploration geologist with 30 years experience in the mining sector. He has consulted on all the continents except for Antarctica, searching for such commodities as gold, silver, diamonds, uranium, copper, platinum, and industrial minerals. He holds a Ph.D. in Geology from the University of Western Ontario and a BSc. (Hons) in Geology from the University of Toronto. In 2001 he privately co-founded Ecuador gold explorer Aurelian Resources Inc., which was listed on the TSX-V in 2003 and made the colossal Fruta del Norte gold discovery in 2006. The company was bought by Kinross Gold in 2008 for $1.2 billion. He is the founder and a Director of Guyana uranium explorer U3O8 Corp. At the PDAC convention in March 2008 he was awarded the Thayer Lindsley International Discovery Award for his role in the discovery of the Fruta del Norte gold deposit and he was also jointly named the Northern Miner’s Mining Man of the Year 2008. Dr. Barron continues his activities through Aurania Resources Ltd. in the search for worldwide gold, silver and uranium mining and exploration opportunities.

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2 Responses to ““I believe we’ve seen Peak Gold””

  1. Bente Petersen sagt:

    Very interesting data from a man who is very real.

  2. Brian McEvoy sagt:

    Perhaps not entirely germane to the thrust of Dr. Barron’s presentation, but he did make the point that ‚the euro is doomed.‘ While his opinion is widely shared by otherwise perceptive and so-called ‚alt-media‘ observers, I view the euro’s demise as an unlikely occurrence absent significant social unrest and rebellion.

    Among the prime reasons for my view is that the euro project has given a significant and highly profitable opportunity for organized crime and underworld entrepreneurs to create thriving economic structures, that is, ‚black markets‘ in those regions hardest hit by the disparities in the eurozone.

    The alt-media have largely ignored the power of the black markets, unfortunately.

    The viability of these black market operations is predicated upon the perpetuation of eurozone imbalances. Since their principals don’t have such luxuries as a court system at their disposal to perform such functions as the enforcement of contacts, they tend to utilize „extra-legal“ means to obtain their objectives.

    Thus if, for example, the Greek government were to discuss abandoning the euro with any degree of seriousness, my guess is that the politicians involved would soon become the targets of underworld bribery and blackmail, geared toward the preservation of the status quo. Those politicians valuing their health could be expected to follow instructions.

    Adding to that the pro-euro political pressure (not to mention the legal bribes and blackmail) from Brussels, we can see that movement away from the euro is most unlikely indeed.

    We have already seen that the Greek government can largely ignore a mild rebellion. Other governments at the periphery of the eurozone have probably taken note, and have adjusted their calculations accordingly. Thus a move away from the currency would probably require open and widespread revolt.

    Thus I do not see the demise of the euro being predicated on a simple shift in politics. That wouldn’t be nearly forceful enough. If the euro is to be doomed, its demise will probably be the result of an unlikely and rather bloody prelude where existing political structures have become significantly degraded.

    That does not appear to be in the cards over the short or medium terms.

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