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19:45
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Originally posted by Dr.Who
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johny, I'm not sure about gold $800 it would send all gold miners to the wall. So long as there remains a small demand from industry and a bit of diversification 'want' from CB, the spot price should keep marginally above the average AISC across global gold miners. Just to keep them hanging on to their businesses and producing. Hence why the long term real return is 1.7%% per annum just enough above inflation to warrant ongoing operations (for the better cost-effective miners).
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Yes Doc upon reflection you are probably correct. Thankyou for your insights, i do appreciate them I enjoy your posts. Please keep up the valuable contributions
