Gold price, page-4287

But the problem with gold vs oil is that gold is not being burnt like oil. Huge oversupply. Sitting in deposit boxes. 100 times more than annual production. So, theoretically oil cannot fall to say 20 per barrel. Because production will stop and in a month or so all glut will disappear. But gold glut will never disappear. So theoretically gold can easily fall to 0 and world will continue live like nothing happened.
(I own both gold and gas/oil stocks - betting on fiat currency loosing buying power towards everything).
Plus. I read one oil stock report yesterday. Their cost is 13 AUD per barrel, plus transport 12 and royalties 5, total 30, selling for 60. 100% profit margin! But share price is very low. And BDR all costs are 1000? Selling for 1300? 30% profit margin, 3 times less. But market bids up what is trending up not down..