Where is the German Gold?

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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