http://www.miningweekly.com/article/what-does-it-cost-to-produce-an-ounce-of-gold-2009-03-16
http://gata.org/node/7709
http://caps.fool.com/Blogs/what-is-the-real-cost-to-mine/308969
While it seems to be up to debate about the actual average cost to mine an ounce of gold, it seems safe to say that number is less than the spot price of gold.
My question is who makes the profit between the cost to the miner to produce the gold and cost to for the consumer to purchase gold?
http://gata.org/node/7709
http://caps.fool.com/Blogs/what-is-the-real-cost-to-mine/308969
While it seems to be up to debate about the actual average cost to mine an ounce of gold, it seems safe to say that number is less than the spot price of gold.
My question is who makes the profit between the cost to the miner to produce the gold and cost to for the consumer to purchase gold?