it costs miners about $480 on average to extract an ounce of gold
That's not to predict an immediate gold crash. The "fear premium" it commands as a store of value during uncertain financial times could support higher prices indefinitely.
As traders sort out the effects of Europe's $1 trillion bailout and whether inflation or deflation creep up in the U.S., investors will probably continue parking in gold as long as they can. Gold has slumped just a bit as a sense of some stability has returned to the markets in Europe.
http://money.cnn.com/2010/05/
"The real reason for the drop: stabilization in other markets"
- Gold at $800, say some analysts - May. 19, 2010 (在「Google 網頁註解」中檢視)
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