Posted on 11/28/2015 11:20:36 AM PST by BenLurkin
Half of Gold Output May Not Be ‘Viable’ as Price Sags: Randgold
The cost of gold is what some willing buyer will pay a willing seller at a particular time.
The long term price value of gold is the cost of production plus an acceptable gross profit. It’s possible that the acceptable price might be under the cost of production in the short run.
My prediction is that the current market price is much more likely to go down than up.
As of Sunday night, Gold's $1,058.46, Silver's $14.11, Platinum's $830.50, and Palladium's $546.50.
YMMV...
What effect will this have on Emily Ridell
?
Never heard or read of this person.
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