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If gold prices continue falling, half the industry could be worthless

Posted on 27 March 2013

Gold prices have fallen dramatically in recent months, and the industry as a whole could be in trouble. In fact, if the prices fall as low as $1,000 per ounce, half the industry could be worth absolutely nothing. Hedge funds have apparently lost their interest in gold, starting in the fourth quarter of last year.
Last year was the 12th consecutive year of increases for gold prices, although at this point, gold equities are at historically low valuations………………………………………..Full Article: Source


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VRS - who has written 39496 posts on Opalesque Commodities Briefing.


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