Gold mining cost versus spot price

benjamen

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ancona

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The vig is split between the owner of the mine, and the refiners who get paid to produce product and the retailer who peels off a percentage to handle the transactions.
 

benjamen

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The vig is split between the owner of the mine, and the refiners who get paid to produce product and the retailer who peels off a percentage to handle the transactions.
I have a friend getting into the business of being the middle man between newer miners and big buyers. He was getting kilo gold bars for ~35k. This just seems crazy to me when the big refiners will pay ~50k for them?!
 
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