May 23, 2024

How to Value Gold, Gold Mine Output, Gold Coin Minting

An array of recent gold related articles to ponder as the price of the metal dips to $874 per ounce.

Gold Revisited

How do you value gold? Here’s a very thoughtful answer to the question based on a ratio of gold to the global economy and global asset base.

Gold mine output in 2008 lowest in 12 years

As the output from gold mines has declined, the total cash costs have expanded. The average increase was almost 20% against 2007.

Gold coin minting hits 40%

Interesting to consider in light of the previous article. While gold output has declined, gold coin minting has increased by 40%. Other gold investment options such as bars and ETFs have also drawn an increasing amount of gold.

GATA Renews Requests to Treasury, Fed for Gold Data

Will President Obama’s call for greater opnness in government, result in teh reveleation of information related to the U.S. gold reserves?

Accumulate Silver Soon

The Got Gold Report takes a look at positioning by the largest silver players amidst increasingly tight supplies. The holdings of GLD and SLV remain steady, even as the prices of the metals pull back.

And something to reflect on from the opening paragraph, “as governments continued to find new ways to “fix” major economic problems caused by excessive borrowing with much more, ridiculously excessive borrowing, relaxing accounting standards and now even using the U.S. government’s printing press to “buy” its own treasuries (diluting all dollars in the process) … while those seeds of inflation and eventual debasement of all fiat currencies wound up – gold and silver continued to correct lower. “