2013-06-27 — zerohedge.com
``As shown two months ago, the marginal cost of production of gold (90% percentile) in 2013 was estimated at $1300 including capex. Which means that as of a few days ago, gold is now trading well below not only the cash cost, but is rapidly approaching the marginal cash cost of $1104...'' -- I.e., this price level is NOT sustainable for long...
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