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REPORT ABUSIVE REPLY
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Message Subject
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Boss of big gold mining company says gold needs to go up to $2000 per oz or miners will go broke
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Poster Handle
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Anonymous Coward |
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Post Content
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If miners go broke, won't the above ground gold become more valuable?
Quoting: Anonymous Coward 20286929 it probably should if demand stays the same, since supply will drop. but then if the price of gold goes up, then suddenly those mines might be profitable again! Gold is not just about supply and demand its pegged to the USD 
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