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To: Bobby Yellin who wrote (43625)10/23/1999 9:04:00 AM
From: Mark Bartlett  Respond to of 116759
 
Booby,

Good article. We often quote the "cash cost" to produce an ounce of gold - but in truth the cost is much higher when one considers the cost of exploration, capital costs, interest on borrowing, metal loans etc.

MB



To: Bobby Yellin who wrote (43625)10/23/1999 9:53:00 AM
From: goldsnow  Respond to of 116759
 
Not sure if anyone tried to calculate a cost of "Gold Mining" in CB's vault...<gg> Seriously it could be quite fascinating piece of work, even fictional on consequences of CB's attempt to sell All Gold or 50% of Gold...or even 25% of Gold...In fact we may find-out that real costs of selling Gold are so exuberant that noone in right mind could even propose this suicidal move, never mind execute it...The analysis of World Repercussions could deserve Nobel Price in Economics for sure, as a fiction concentrating on James Bond "Goldfinger" thesis it could be an absolute smash