Comment: Gold Stocks Bullshine !

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Gold Stocks Bullshine !

Gold Stocks Bullshine Investing Gold and Silver Stocks, 2013> By: Richard_Mills, Dec 1, 2012

According to the Thomson Reuters GFMS’s Gold Survey 2012 global gold mine production was flat (output rose 0.1 percent to 1,366 metric tons) in the first half of 2012. The average grade of ore processed globally dropped 23 percent from 2005 through the end of last year and is forecast to decline another four percent in 2012.
A few simple charts showing the price vs cost of Gold over the last two decades.

Note: Fascinating Gold charts
Production cash costs (primarily mining cost of gold produced out of a mine) & price of Gold purchase is on par. 7 years charted.

Gold endowment vs Gold exploration spending (2 decades charted)

Gold discovery (2 decades charted on 2 simple charts)

It’s obvious that its very expensive to operate a gold mine and it’s not going to get any cheaper. The reasons behind flat-lining gold production, and record cash and all-in costs, are numerous:

Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul