Constant Growth + Reduced Overhead
Converge Global is constantly expanding their mining operations while investing in and utilizing the latest exploration/mining technologies to reduce corporate overhead.
Maximizing Shareholder Value.
Converge Global is committed to maximizing shareholder value through aggressive acquisitions of mature developed exploration properties.
We Are Running Out of Gold. According to Galmarley, all gold ever mined is worth $1.8 trillion dollars.
All gold that has not been mined is worth about 40 percent of the mined gold or $0.7 trillion dollars.
Adding these two numbers together we get $2.5 trillion dollars worth of gold bullion, both mined and underground. This number may sound high but it is actually really low compared to the current US national debt of $9 trillion dollars. Now, let's factor in the national debt of all other countries and the supply of gold looks even lower.
Put simply, the supply of gold is extremely low. Since we are running out of gold very quickly, all gold left in the ground is extremely valuable. Who owns the gold that is left in the ground? Gold mining companies. The very fact that there is not much gold left is a very strong reason in favor of investing in gold mining companies.
