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0.00% $4.69 saracen mineral holdings limited

how pathetic is the price of gold

  1. colinchi
    8,033 Posts.
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    30/07/13
    13:20
    Post #: 12129052
    I wonder why I never read how pathetic the price of gold

    The cost of producing iron ore is about $60
    Sells for around $130

    The cost of producing copper is about $2 a pound
    Sells for over $3

    The cost of producing a barrel of oil is about $60
    Sells for over $100

    The gold councel says the average cost of producing an oz of gold is $1200
    Now it sells for $1328

    Seams at least $1800 should be a minimum
    $2000 about right

    Imoo
    SAR Price at posting: 14.6¢ Sentiment: ST Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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