Posted on 11/29/2014 2:48:30 PM PST by OneLoyalAmerican
ping worthy
They used to be Driefontein and paid a big dividend when the Boers ran the place.
Been a dog for years now.
Yep, looks like we should buy gold. /sarc.
It sure feels good to get it right.
Energy costs are probably a pretty big input to the cost of producing gold, don’t you think?
All that drilling, blasting, digging, hauling, grinding, tumbling, smelting, shipping, etc.
Also a lot of the bribe money goes to paying for the energy use of politicians. If their private jets cost less to fuel, maybe they can get along on less cumshaw.
Sometimes it looks like there’s almost a conspiracy to destroy gold.
And, it's working.
Greetings Steely Tom:
From what I’ve gleaned watching Discovery Channel’s Gold Rush show, I would agree with your assessment.
This article indicates debt service might be a major expense. Producers without debt hold a competitive advantage.
Cheers,
OLA
Swiss to vote on massive gold-buying plan
http://bigstory.ap.org/article/59282b3bc1db4cec924db1ca5970428d/swiss-vote-massive-gold-buying-plan
Swiss set for gold vote amid ‘6,000-year bubble’ warning
http://www.cnbc.com/id/102223258
Will the US give the Dutch their gold back?
http://www.cnbc.com/id/102223527?__source=yahoo%7Cfinance%7Cheadline%7Cheadline%7Cstory&par=yahoo&doc=102223527
European Nations Repatriate Gold Reserves From United States Vaults
http://sputniknews.com/analysis/20141128/1015267390.html
Greetings MUDDOG:
Thank you for that insight.
Cheers,
OLA
Gold is all over the dang planet, finding it and extracting it is the oink in the stew..
I’d rather fall over stiff in a crikk with a sifting pan in my cold frozen hands than let the Indians and Chinese buy it all. And now , what’s up with the swiss?
Gold, like Planck , is money in the bank in Monte Carlo.
Energy costs are a large part of golds cost. If prices fall much further, mining companies will simply stop unprofitable operations which then should stabilize prices, before they rise.
One new dozer on Parkers latest dig costs $8K a week, on top of everything else.
It ain’t cheap getting pizza delivered in the Yukon, yaknow.
I bought 100 shares in the late 1970s when college students were protesting apartheid, because I couldn’t stand the protestors. Have had it ever since.
Greetings MeneMeneTekelUpharsin & bogey780:
Reminds me of a FR post not long ago where the author speculates “paper” gold has been sold 100x over. No sure if the author included gold mining stocks in that assessment.
Cheers,
OLA
Todd Hoffman is deeply saddened.
Buys new equipment anyway.
Goldbug ping.
He definitely isn’t afraid of taking chances.
That’s why I find the show so fascinating.
I think Tony the Viking is going to lose his shirt moving that dredge.
“One new dozer on Parkers latest dig costs $8K a week, on top of everything else.”
The costs must be huge since even when they mine 100 oz/week they are just “breaking even”.
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