Message:

<p>[QUOTE=&quot;medoraman, post: 1183522, member: 26302&quot;]Interesting article, but it says in 09 average costs may be $500, down from $608 in 08. 2008 had higher oil prices than today, so would a fair cost to product be about $550? At $550 an ounce gold I think it has a very far way to fall before hitting any kind of hard floor. Even $750 an ounce, (half of today&#039;s price), would represent profitable mines, therefor no reduction in production to rebalance supply versus demand.</p><p><br /></p><p>I was not arguing there has to be a point of a floor for any commodity, its just a mainly non-useful item like gold would naturally be more subject to price gyrations since its demand is psychological more than being needed. Yes gold is used a little in industrial applications, but its high price encourages such high reclamation that little net gold is used versus worldwide supply.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in