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Think the unthinkable on gold price

In the early days of map-making, cartographers filled uncharted waters with images of terrifying mythical beasts; highlighting the dangers of the unknown.

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Comments

The main issue not noted here is the real recovery cost per oz for most gold producers, which in turn effectively puts a floor price on physical gold. Given that most big treasuries are buying large amounts of gold as too are Chinese and Indian consumers at the moment, they are dependent on sustainable gold production. Very few miners are producing at less than $700 oz let alone $600 oz. The exceptions eg Kingrose or Medusa are very rare and very fortunate.

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