According to Barrick their cost of production is $460/ounce. Gold has fallen to the cost of production in the past, and for a while silver was actually below the cost of production. In the event of a gold bear market this is probably where the price would find a bottom.
How Good Has Gold Been As An Investment? [View article]
Land is a great asset...but it is subject to the political winds. Changes in legislation or taxation can have a big effect on its value. For example rent control legislation can make rental properties virtually worthless. Ultimately land is a paper asset as much as bonds or currency because it is a piece of paper that gives you the right to it.
If you can't put it in your pocket you don't own it...
Is Gold Overvalued? [View article]
Is Gold Overvalued? [View article]
It will be interesting to see what happens to Bitcoin, which is another non-inflationary currency. If it takes off this could hit gold badly…
How Good Has Gold Been As An Investment? [View article]
If you can't put it in your pocket you don't own it...