Gold – the final bubble, page-4361

Production cost for most of the leading global gold miners are around US$980/ounce, how low POG can fall further?
Even for iron ore price, production cost for big 4 is around US$35/dmt, spot price will NOT sustain around or below the production cost for long.




China had rapid growth over last 3 decades, associated with hyperinflation which you wouldn't see from the official release. A simple example, China's M2 supply increased by 10 times from CNY12 trillion in 1999 to CNY 132 trillion in 2014.

Every country has been printing paper money, deflation or disinflation was just an excuse IMO.
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