the true all-in costs that miners are spending to produce each ounce of gold.

[jeff of pa]

After removing write-downs and exceptional costs, gold companies spent almost $1300 per ounce to extract gold in 2012. Even with these high expenditures, the industry is actually producing less gold in 2012 than in 2011 - rising costs and lower production is not a recipe for a healthy industry.

The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors - Seeking Alpha

 

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[Fullpan]

I remember when gold was around 800/oz. Newmont said at the time their costs were about 300/oz - a much better spread!

 

[jeff of pa]

Everybody wants their share of the Big Bucks now.

they hear the word gold & think "Ca-Ching" Gouging time

& you know some of the Miners are making Millions in spite of being gouged.

 

[Fullpan]

Everybody wants their share of the Big Bucks now.

they hear the word gold & think "Ca-Ching" Gouging time

& you know some of the Miners are making Millions in spite of being gouged.

You probably know the Nevada legislature is trying to get more taxes out of the mines here "for the schools"

 

[Jeff95531]

Why not? It's just another form of the lottery. May as well tax it for "the kids".

 

[H-2 CHARLIE]

my friend sold a kugerand coin for over $1700 a few mo. back and he payed just over $700 and held it for 13 or so years .

 

[Fullpan]

my friend sold a kugerand coin for over $1700 a few mo. back and he payed just over $700 and held it for 13 or so years .

I bought a couple K-rands at 850, three months later spot was falling below 500 - of course I had an emergency and dumped them. Astute investor, that's me!

 

[Jeff95531]

I bought a couple K-rands at 850, three months later spot was falling below 500 - of course I had an emergency and dumped them. Astute investor, that's me!

Fortunately, all the money I have lost over the years has been my own. I do however manage my wife's 401K. Pray for me