Although the current precious metals bull market has shown signs of fading, there still remains a struggle between those who see precious metals as a safe haven, and those who believe that fiat currencies are making a comeback. While the future of silver and gold is yet unknown, several factors exist that are likely to impact precious metals markets in the coming years.
Energy availability to operate and develop mining enterprises is a key factor likely to challenge the future gold and silver marketplace. The supply of oil and its global flow in the import/export arena will stress all markets, as supplies peak, then dwindle.
The reliance of mining and refining operations upon diesel fuel, combined with declining ore grades in older mines could cause precious metals prices to skyrocket. Just as industry begins to utilize more silver, the price of maintaining stable production could surge. Additionally, the decline of paper currencies brings with it the specter of precious metals monetization and trade wars.
