OTCPK:MEAOD - Post by User
Post by
btrevorbon Apr 27, 2014 3:40pm
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Post# 22495969
Gold is Money is funny
Gold is Money is funny Anyone can see the money multiplier has been blown out of any protortion to Gold price.
Gold is a commodity like any other and is seeing pressure not from US$ value but from cost to mine. Currently even the big boys are having trouble meeting $650 cost per ounce. |This is not because of mining costs but because of stupid aquisition and depreciated write off costs. Now people here are crowing about MTO being picked up by a major. I don't know what you see when you wake up but it certainly isn't what is happening in the industry as a whole.
GTLA
