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heyhey said:
I don't think gold will go that low just yet. Many gold mines are shutting down due to the drop in gold prices.(link below) I think it will level out around where it is at now and probably stay there for the next year or two. Although another crisis of confidence could make it balloon again.

https://www.npr.org/2013/08/21/214065337/colorado-gold-mines
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great link. . . . it does show what I'm saying about how large-scale operations can achieve lower costs of production. . . .and it does give me some information I didn't have.
 
babe said:
great link. . . . it does show what I'm saying about how large-scale operations can achieve lower costs of production. . . .and it does give me some information I didn't have.
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Kuer buddy!!! Available for free 24 hours a day on the radio @ 90.1 and online @ kuer.org.
 
babe said:
great link. . . . it does show what I'm saying about how large-scale operations can achieve lower costs of production. . . .and it does give me some information I didn't have.
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Economies of scale.
 
LogGrad98 said:
Economies of scale.
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Today the most serious things that affect our financial security are government power and policies. Whether gold is an effective store of capital, or other assets . . . . is going to be tested repeatedly by market manipulators operating under cover of protections or "stimuli" being favored by actions of our government. . . .

The fundamental reason our welfare is dependent not on government subsidies paid out to some elements of the "voter base" of some political party or another, but actually upon our political will as a nation to restrict the size, power, and effect of government influence on our property, markets, and social policies. The power we tolerate in the hands of politicians is a negative power in it's effects on our welfare, compared to the profits the heavy hand of government power can bring to the fat cats whose minions prowl the halls of congress and manipulate our President. . . .
 
babe said:
Today the most serious things that affect our financial security are government power and policies. Whether gold is an effective store of capital, or other assets . . . . is going to be tested repeatedly by market manipulators operating under cover of protections or "stimuli" being favored by actions of our government. . . .

The fundamental reason our welfare is dependent not on government subsidies paid out to some elements of the "voter base" of some political party or another, but actually upon our political will as a nation to restrict the size, power, and effect of government influence on our property, markets, and social policies. The power we tolerate in the hands of politicians is a negative power in it's effects on our welfare, compared to the profits the heavy hand of government power can bring to the fat cats whose minions prowl the halls of congress and manipulate our President. . . .
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That's, you know, what I meant to say, of course.
 
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