GOLD gold futures
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the collapse of etf gold - paper gold, page-86

  1. Skol
    33,880 Posts.
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    05/01/14
    12:39
    Post #: 12768860
    cag,

    I've done this before but I'll do it once again.

    What has the cost of production got to do with the price of gold?

    The mines will close, quite simple, all the gold ever mined is still here, it's not consumed, it's recycled. Mines are already closing.

    In farming, if the price of a commodity drops below the cost of production then farmers switch to another crop.

    Right?
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