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Strategies & Market Trends : The Art of Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (5046)	8/9/2022 9:39:09 AM
From: Sun Tzu	1 Recommendation Recommended By sixty2nds Read Replies (1) \| Respond to of 10663

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.