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Anyone know the floor price of producers? In other words, what is the minimum spot price gold producers cant operate under? I heard its £1,000/$1,200?


"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. But if you want to continue as the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit."

Sir Josiah Stamp, Director of the Bank of England

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11 minutes ago, HawkHybrid said:

https://www.gold-eagle.com/article/gold-mid-tiers’-q4’19-fundamentals

aisc ~$1000 for mid-tiers shouldn't be too far away from

whole sector average.

 

HH

Tremendous source, HH. Finally we can accede on a source!


"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. But if you want to continue as the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit."

Sir Josiah Stamp, Director of the Bank of England

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