Originally posted in a LVRJ forum.
Gold *above* ground is worth ~$1,100/oz. Gold *below* ground in a proven mine is worth $1,100/oz minus cost of production. The Mother Lode yet to be discovered in Eureka County is worth ZERO. Those early(est?) stages of production are where Gold Mining companies come in, so get off this Communist notion that the miners are "robbing us", or that we're being "plundered" by foreigners. It's not like these companies are excavating entire mountains intact and hauling them down to Argentina!
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