Jim Cramer on gold This morning Jim Cramer on CNBC and his crew were
talking about gold . He mentioned Dr Mark Bristow the
CEO of Barrick Gold saying they are raking it in with
their costs at $1300 per ounce US .
( Probe Gold's all in costs is a little over $1000).
He went on to the subject of Costco selling gold bars.
Estimate Costco's sales are US $200 million a month .
Cramer said that he goes to the Costco website at least
three times a day and finds it sold out. It's very
frustrating for him as he wants to buy these gold bars
thru Costco. Allowance is limited to 5 one ounce bars
per customer at any given time.
Where's all the gold gone?
Team Palmer can you help out?