Gold – the final bubble, page-4363

  1. 33,861 Posts.
    lightbulb Created with Sketch. 1410
    Nice shiny charts, but has it occurred to you that there's thousands of tons of gold lying around, unlike oil it's not actually consumed, and for many companies the cost of oil is now below the cost of production, so the idea that gold cannot fall below the cost of production is a goldbug fantasy.

    It's going to go below $980, believe me.
    Last edited by Skol: 30/08/15
 
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