If you were being an optimist, how high will the price of silver and gold go in the next 10 years? What about if you were being realistic? Pessimistic?
Angel Moore
Gold generally costs 1000-1500 per oz to mine. What does bitcoin cost to mine? 25 cents maybe? Running millions of computers to make it intentionally expensive isnt adding value
>Gold generally costs 1000-1500 per oz to mine. most gold costs less than a dollar per oz. to mine. the average is driven up by the fact that any gold is worth mining if the cost is below spot. So if the price of gold drops the price of production will drop too. If gold goes down to $100 per ounce the cost to produce it will go to $80 per ounce because anything that costs more than that won't be mined. >What does bitcoin cost to mine? 25 cents maybe? I think he said $14k in electricity per coin
Ayden Reed
Can you take your bait somewhere we don't all have to smell it? Its old dude.
for all your supposed interest in mining you still haven't figured out most gold comes from copper mines and costs exactly as much as copper to mine.
The increase in the cost of production comes from the less than half of gold that comes from gold mines working low grade ore at much higher costs. Because the price allows that.
Tyler Watson
24010729 (you) >most gold costs less than a dollar per oz. to mine.
i'm not buying your bitcoin bags lul
Bentley Hall
some of the merry Christmas rounds look neat and theres some peanuts cartoon Christmas rounds out there i though that seems family related because thats what we watched together as kids
Wasn’t there an user a couple threads ago who said one of his rounds only weighed 30.98 grams? If so you got scammed big time, a troy ounce is 31.103 grams which means you got jewed
Brandon Ortiz
Also, please don't respond to the retarded bait above. This same faggot was here months ago with that script. The actual response to the claim that most PMs are free because they come from base metal mining is to ask the retard how exactly you separate them from their ores. Because apparently refining is imaginary and free, and even if a mining company contracts refining out to another party, they don't consider the costs of processing when selling their ore.
>for all your supposed interest in mining you still haven't figured out most gold comes from copper mines and costs exactly as much as copper to mine. I actually didn't know this. Thank you for teaching me user
>The actual response to the claim that most PMs are free because they come from base metal mining is to ask the retard how exactly you separate them from their ores I love that you think that's an anwer
the PM's are IN THE BASE METAL, so they have to separate them to mine the base metal. The cost is literally paid for by refining the copper, lead, or zinc.
and- holy shit, what will process engineers think of next- they use the same process to refine copper as they do silver or gold, so it costs exactly the same.
