RE: 1200 eh? The all-in-price was cooked up by gold companies after they discovered that governments in developing countries were pretty good at math. With gold at. say, $1500 per oz and the cost of production at only $500 per oz., it didn't take long for these governments to start shaking them down for a bigger piece of the pie. Voila, the "all-in cost" was cleverly conceived. It's more difficult to extort money from a highly profitable entity than it is from one that seems to be barely covering its' costs. Not sure this is fooling anybody ... except for some of the media pundits.