It costs the average mine $1200 to produce one oz. of gold and $20 for one oz. of silver.
Through the last quarter of 2013 the Fed kept gold in the low $12oo’s but from January 2014 until the last few weeks gold held steady above $1300 hitting a high of $1380.We maintain the belief that gold will finish the year between $1300-$1350.
Gold Goliath is not your typical gold dealer.