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Re: wshaw14 post# 1673

Wednesday, 08/14/2013 4:57:13 AM

Wednesday, August 14, 2013 4:57:13 AM

Post# of 1893
We were reasonably close, especially given the uncertainties involved. Notice that the number given has the footnote about it not including interest expense. Since the number is lower than the cost to produce gold for most of the majors it is a good sign. AFAIK law of supply and demand at some point kicks in so if people want physical gold they will have to make it profitable for the majors to do more than produce by-product gold.
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