gold and try , page-3

I dont think there is any crazy hedge fund support for gold anymore like 2011/2012, but there is enough support for the physical markets to keep gold above the AISC at a level that will keep most gold mines viable.

At the end of the day if gold does drop any lower, half the mines around the world go to care and maintenance... That would drop the gold production significantly leading to a mismatch of supply vs demand... And subsequently an increase in gold price as supply diminishes.

Gold is a luxury product with a stronger worldwide brand recognition than the likes of a louis vutton or hermes could ever hope to have.