There are a lot of idle gold mines out there. If the prices are sustained, you can expect they'll be fired up.
Many in N.CA turn a tidy profit at $600.
Yes, but it is staggering just how little can be produced. This is an older article when we were only 6.9 trillion in debt.
http://www.galmarley.com/FAQs_pages/commodity_essentials_faqs.htm