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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Can gold drop below $1000?

Posted on 07 April 2014

All I have been hearing of late is how gold will never see lower than the 2013 lows. People say it is simply not possible since it would be lower than its production cost. And, my answer to them is “so what?” Yes . . . so what?
Are you going to tell me that producers will not stop mining gold? And, again, if so, so what? Won’t that then make gold more scarce since less of it will be available, as mining will significantly slow, and then maybe we see a long term bottom?……………………………………….Full Article: Source


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VRS - who has written 39872 posts on Opalesque Commodities Briefing.


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