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<p>[QUOTE=&quot;quick dog, post: 93077, member: 4093&quot;]Gold is more than $500 per troy ounce these days.&nbsp; I believe that it has risen steadily for five years.&nbsp; I would assume that the average cost (worldwide) for recovering gold by mining and mineral processing is about $300/tr oz.&nbsp; This is a statistic that is held close to the vest by mining companies.</p><p><br /></p><p>With the price over $500/ tr oz and the cost to produce gold significantly lower than that, the volume of world gold resources must have grown substantially over the past five years.&nbsp; There is usually a nine-year (give or take) lag between economic inspiration and actual on-line production of mineral commodities.</p><p><br /></p><p>Will idle metal mining operations fire up? Will marginal operations immediately expand production?&nbsp; Will new ore deposits be developed?&nbsp; Will there be a new era of gold exploration?</p><p><br /></p><p>Will world gold production increase over the next few years?&nbsp; Will a potentially expanded supply of gold cool the price-trend?&nbsp; Or will the decline in reserves and diminished production from South Africa and other traditional gold-producing countries cause the commodity to maintain its elevated price.</p><p><br /></p><p>I am inclined to think that a 40 percent increase in the price of gold, sustained for five years, is likely to expand production despite all the omni-present negative factors such as fuel costs and environmental pressures.</p><p><br /></p><p>Forty percent is 40%.&nbsp; :kewl:[/QUOTE]</p><p><br /></p>

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