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<p>[QUOTE=&quot;Publius2, post: 24852657, member: 105571&quot;]I hear the most amazing tripe, even at my local coin club.&nbsp; At the last meeting, one of the officers told me that the high price of gold is because of all the high environmental, labor and regulatory costs of mining in the U.S.&nbsp; I told him that while mining costs are high in the U.S., most of the world&#039;s gold is mined elsewhere where most of those costs don&#039;t apply.&nbsp; He didn&#039;t argue but gave me a dubious look.</p><p><br /></p><p>For those interested:&nbsp; CY2022 total worldwide output was app. 3393 tonnes.</p><p>U.S. output was 172.7 tonnes or 5.1%, the fifth largest behind:</p><p>China - 375</p><p>Russia - 324.7</p><p>Australia - 313.9</p><p>Canada - 194.5</p><p><br /></p><p>Source:&nbsp; World Gold Council[/QUOTE]</p><p><br /></p>

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