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Is anybody still buying silver and gold?
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<p>[QUOTE="Cloudsweeper99, post: 1323866, member: 3011"]I would put it another way..,. The gold price has to track the cost of production. I'm not sure a $10K per ounce price would hold in a world where it can be produced between $1K - $2K [total cost, not cash cost]. Gold tracked the money supply because historically it was part of the money supply, but as that relationship fades into the past, so might the price relationship.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1323866, member: 3011"]I would put it another way..,. The gold price has to track the cost of production. I'm not sure a $10K per ounce price would hold in a world where it can be produced between $1K - $2K [total cost, not cash cost]. Gold tracked the money supply because historically it was part of the money supply, but as that relationship fades into the past, so might the price relationship.[/QUOTE]
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