Hi Alea...
"the strength of demand varies. the jewellery market has considerable continuity. the demand for a hyperinflation hedge based on a weak economic theory can pop with the theory."
So convienient to ignore that when you can print
as much paper gold and silver as you want and dump it
into the market you can make any of your economic
theories look good....
In this downturn wholesalers are reporting buyers
to sellers at 50 to one....premiums for real
metal not fake banking paper are at records....
"so yes, prices can diminish below the supply side costs."
Yep,then mines close down and supply dries up...
"by the way, like oil, gold costs different amounts to extract depending on the density of the deposit, its accessibility etc."
Yep that's average costs and it's getting worse as all
high grade deposits have dried up......
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