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jeff of pa
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MINELAB XS-2 Pro ....... XTERRA 305 ....... EXPLORER SE PRODec 2003S.W. Schuylkill County40,768 1970 times All Types Of Treasure Hunting the true all-in costs that miners are spending to produce each ounce of gold.
After removing write-downs and exceptional costs, gold companies spent almost $1300 per ounce to extract gold in 2012. Even with these high expenditures, the industry is actually producing less gold in 2012 than in 2011 - rising costs and lower production is not a recipe for a healthy industry.
The Future For Gold Supply Looks Grim: An Opportunity For Gold Investors - Seeking Alpha
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Yesterday, 02:49 PM#2Fullpan 
May 2012nevada819 379 times All Types Of Treasure Hunting I remember when gold was around 800/oz. Newmont said at the time their costs were about 300/oz - a much better spread!
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#3jeff of pa
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MINELAB XS-2 Pro ....... XTERRA 305 ....... EXPLORER SE PRODec 2003S.W. Schuylkill County40,768 1970 times All Types Of Treasure Hunting Everybody wants their share of the Big Bucks now.
they hear the word gold & think "Ca-Ching" Gouging time 
& you know some of the Miners are making Millions in spite of being gouged.
Last edited by jeff of pa; Yesterday at 02:58 PM.
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Reply With Quote Yesterday, 06:52 PM#4Fullpan 
May 2012nevada819 379 times All Types Of Treasure Hunting
Originally Posted by jeff of pa
Everybody wants their share of the Big Bucks now.
they hear the word gold & think "Ca-Ching" Gouging time 
& you know some of the Miners are making Millions in spite of being gouged.You probably know the Nevada legislature is trying to get more taxes out of the mines here "for the schools"
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Reply With Quote Yesterday, 08:00 PM#5Jeff95531 
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Feb 2013Deep in the redwoodsTeknetics Alpha 2000151 42 times Prospecting Why not? It's just another form of the lottery. May as well tax it for "the kids".
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Reply With Quote Yesterday, 08:20 PM#6H-2 CHARLIE 
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Dec 2012on the rocks - so cal county lineGold bug pro / Whites coin master II257 31 times All Types Of Treasure Hunting my friend sold a kugerand coin for over $1700 a few mo. back and he payed just over $700 and held it for 13 or so years .
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Reply With Quote Yesterday, 08:49 PM#7Fullpan 
May 2012nevada819 379 times All Types Of Treasure Hunting
Originally Posted by H-2 CHARLIE
my friend sold a kugerand coin for over $1700 a few mo. back and he payed just over $700 and held it for 13 or so years .I bought a couple K-rands at 850, three months later spot was falling below 500 - of course I had an emergency and dumped them. Astute investor, that's me!
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Reply With Quote Yesterday, 08:59 PM#8Jeff95531 
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Feb 2013Deep in the redwoodsTeknetics Alpha 2000151 42 times Prospecting
Originally Posted by Fullpan
I bought a couple K-rands at 850, three months later spot was falling below 500 - of course I had an emergency and dumped them. Astute investor, that's me!Fortunately, all the money I have lost over the years has been my own. I do however manage my wife's 401K. Pray for me
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