SMF - Just Installed!
Quote from: Dove on May 03, 2024, 02:03:21 PMWe are literally born broken, sinful garbage. We can't meet holy standards.
Quote from: caskur on May 03, 2024, 09:28:16 PMThree bodies found...What happened?
2 Western Australians and their American friend...
I think I will go ball my eyes out now.
Quote from: Oliver the Second on Today at 01:24:37 PMI think John Rambo pretty much nailed it.
Quote from: JOE on Today at 07:19:25 AMPlanning to be a car sometime. Didn't wanna spend too much.
Quote from: JOE on Today at 06:55:02 AMI think I'm gonna slow down in the Metals buying for a while LokmarL okmeer.
Gold 'n Silver have stalled lately, hit a ceiling & are going down at the moment.
But at least it seems ta be stable at the moment.
Gold at $2300? Silver at $25?
Actually when the price was higher & rising, about a month I spoke with an mining engineer & he thought that the gold price was reaching its limit this year at around $2400. $2500 very max
what he told me is that Gold costs about $1400 US to mine - which is its break even point or what he labelled its 'theoretical price'.
And then he said the 'practical price' of gold is $1900 US.
Maybe that's the retail price it normally trades at?
And anything beyond $1400 is all profit for the mining companies.
Mind you his figures may be dated. Say we kick in inflation & the break even price now might be $1600-1700? And the practical price is now $2100-2200?
So perhaps its current price of around $2300 is around where it should be trading at. Likewise $25 silver.
I suppose next year there might be a bump in the prices again. Possibly a conservative estimate/2025 projection of $2500 Gold and $30 silver?
Quote from: Dove on May 03, 2024, 02:03:21 PMWe are literally born broken, sinful garbage. We can't meet holy standards. That's the entire point of the Gospel
God gave the law to show us how bad we are. Like a mirror.
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