price of gold It costs miners 1300$ on average to mine an ounce of gold. Well between 500-2300$ to be more exact. With an avg price of 1300$/ounce. So 6% real inflation per year. This year it should be 1400$/ounce. So the bottom line is .... Even if the Comex smashes the price again gold will always find it's equilibrium long term and supply and demand will win out in the long term no matter how messy this thing gets as fiat trash is printed into oblivion.
Main stream media mantra; if you repeat a lie enough times that lie becomes real. "There is no inflation". Repeat. Repeat. Repeat. Only gold miners feel inflation. No one else. lol lol lol They have lost their minds. A nation built on confidence and unicorn dreams. And Ben Bernanke fiat monopoly bucks. I get the joke Ben. Supress the price on the comex and destroy the dollar. I get it.