SPDR Gold Trust (GLD)

[deanna-hopkins]

We can in Princeton. I just had lunch with an economics professor at the Alchemist & Barrister who feels gold is overvalued. He is from Kenya and states the actual cost to bring the ounce of gold to the African markets is $350-$450 an ounce. We have friends in Arusha Facebooking me pics of 97.5FINE DORE BARS at $450 an ounce. Throw Johnson Mathey or Barnett Safety Services, Inc in Pennsylvania a $100 an ounce to refine that at 0.15% coefficient of material loss, $50, plus $100 tax, logistics & shipping puts the cost around $700 an ounce. The rest of the headroom between $700 and $1070 spot is juice for the brokers to squeeze. Silver is just the waste product of gold mining and can drop to $7.50 faster than Miley Cyrus's pants at the Marine Corps Ball after party at the Driftwood Lounge.