[Don’t you mean the ultimate bubble? Last I checked, it still cost less than $500/oz to get the yellow stuff out of the ground. Somehow the overall inflation and money printing do not seem to raise the real cost of gold.[/quote]
I am not going to go around in circles but let me point out that there is indeed Gold that can be mined for less than 500 an ounce. However Gold production would be much much less if only the easiest Gold were mined.
Some miners spend over a 1000 an ounce to mine, others 3 or 400.
Anyway, now that I know your position on Gold , I don’t think we could ever agree on anything.
