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Strategies & Market Trends : The Art of Investing
PICK 48.88-0.6%4:00 PM EST
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sixty2nds
To: Jacob Snyder who wrote (5046)8/9/2022 9:39:09 AM
From: Sun Tzu1 Recommendation  Read Replies (1) of 10680
 
This is very useful and deserves more recs.

The marginal cost of production is only the most expensive if and only if there is no excess capacity *and* there is increasing demand.

If you look at GSS, the owner of expensive mines, you see that they are still losing money, though they are EBITDA positive.

Putting it all together, and given my concerns about central banks selling gold to support their currencies, I'd say buying GDX or a miner with AISC around $1600/$1700 is probably a better bet than buying the metal itself.
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