Where is the German Gold?

[Jason in Enid]

How correct have they been in the past 10 years regarding gold and silver?

The article also says that the cost to produce an ounce of gold is 1100. I guess they think it is going to sell for 200 below costs. We'll have to wait and see about that one.

Moody?s Lowers Downside Targets to $900 on Gold and $15 on Silver - Yahoo Finance

Jim

No it would be just like many times in the past; when the cost to get to market > the value, then those mines close. There are lots of mine shafts abandoned because they were no longer profitable, not because they ran out of gold.

 

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