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How low will silver and gold go?
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<p>[QUOTE="mikem2000, post: 1824553, member: 30574"]It does not work like that. Because of sunk in costs, it is still advantgeous for mines to keep operating even when the product drops below "cost of production" In addition, even if all mining were stopped today, that does guarantee that gold wouldn't drop further. There is a huge amount of above ground gold that would be more than suffient suppy if the demand dropped below current levels. I would seriously consider cancelling your subscription to that news letter. The is no hard floor at $1100.[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1824553, member: 30574"]It does not work like that. Because of sunk in costs, it is still advantgeous for mines to keep operating even when the product drops below "cost of production" In addition, even if all mining were stopped today, that does guarantee that gold wouldn't drop further. There is a huge amount of above ground gold that would be more than suffient suppy if the demand dropped below current levels. I would seriously consider cancelling your subscription to that news letter. The is no hard floor at $1100.[/QUOTE]
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