Inflation is not expected to disappear and hence gold will remain and important component of investment portfolios. Any rapid increase in price would cause gold to be dishoarded and adversely affect industrial demand. As a result, the price would stabilise. Therefore, gold mines look good business in the coming uncertain years.
He also predicted:
Some projections suggest by the period 1995 to 2000, the USSR will produce more gold than South Africa South Africa is the biggest world producer of gold, chromium, vanadium, diamonds and platinoids, with the USSR being the seconde biggest producer for each of these essential commodities.
How wrong can you be? In 2000 Russia (not the USSR) was a distant sixth in world production, producing only 5.5% of the world's gold. In 2010 China was the largest producer, a country not even mentioned by Professor Plimer.