08.07.2014 - When and Why Do Gold Prices Plummet?
The supply of gold is largely static from one period to the next. Gold mines are large and plentiful, but almost the entirety of what they produce is dross. As technology improves, ore with ever-lowering concentrations of gold becomes economically feasible. Ore that contains as little as one part of gold per 300,000 is worth mining. Discard all the billions of tons of worthless ground rock, and itís been estimated that all the gold ever mined would fit on a football field, piled less than 10 feet high. The gold mined each year adds less than the thickness of a coat of paint to the total............................................Full Article: Source
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