I grabbed this graph from somewhere recently, can't remember where. The scary thing in it is it shows how world gold mining costs on average rose from $500 to $1000 in just 6 years. This is what is killing the gold industry, not shadowy bankers manipulating the gold price. Why is inflation so high in this industry?:
- not due to union-negotiated pay increases; they would be far smaller
must be down to
-workers on contract shifting jobs on basis of higher pay, rapidly raising the wage benchmark
-increases in government taxes
-increases in component costs from suppliers because they can (trucks, tires, plant etc)
- Forums
- Commodities
- GOLD
- greed the problem for miners
greed the problem for miners
-
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online