Ann: Jaurdi Gold Project December Quarter Production Update, page-57

Rising interest rates mean greater opportunity cost to hold gold as opposed to getting bank interest.

Luckily for gold bugs, and massively trumping the above.. is the 14% price inflation which is giving savers a negative 13.5% return per annum in purchasing power... now if gold is not keeping up to the 14% price inflation it can be viewed as undervalued... we know it does not go up in the straight line.. rather it ebbs and flows.. $2000 on the way to $4000 is the next few years for gold in US$... of course we will need to pay FAR MORE for everything in fiat so it comes with mixed blessings.. by assets that will preserve purchasing power... or hold stocks that give exposure to high value commodities and are vastly undervalued whilst providing very healthy returns via dividend flow.

AISC would be around $1200 AUD id suggest currently! (We are making SUPER NORMAL PROFITS and the market sells us down with our building chest of gold and fiat ready to take on the world!)
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