the collapse of etf gold - paper gold, page-85

skol

how can you say gold will revert to the mean at about $650
when the cash costs world wide are about $ 600 -$700 and all sustaining costs are about $1000 - $1200 , mining companies would stop production of current mines and not start up new mines at that price

this would then drive up the price of gold as supply would
decline significantly

cag