RE: GOLD: I'm a Gold Bear!!

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GOLD: I'm a Gold Bear!!

in money •  6 years ago  (edited)

I think an unstoppable force is soon to meet an immovable object. Gold's average cost of production is currently around $1100.00 per ounce. Fireworks ahead for sure.

money
6 years ago by

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      ·  6 years ago 

    If price does dip below the production cost, then miners will shuttle their equipments and some will go out of business.

    I think maybe the true reason for Gold's decline could be that it no longer becomes the safe haven and instead Bitcoin takes that role. Bitcoin could be the uncorreleated Alpha safe haven!

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