WEB Notes: This is a pretty big deal. Precious metals are also being manipulated just like everything else. However, precious metals have always had a monetary value and it might be wise to have some on hand before the financial collapse occurs.
(ZeroHedge) – As we showed back in April, the marginal cost of production of gold (90% percentile) in 2013 was estimated at between $1250 and $1300 including capex.Which means that as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1125… Continue reading “Gold Drops Below Cash Cost, Approaches Marginal Production Costs”

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