Skeleg,

Bob Hoye often makes the argument (Howestreet.com) that the "real price" of gold is far higher than the current nominal price. By real price, he's speaks of the cost of mining it, which he says makes gold far more profitable to mine than it's been for some time.

I'm hoping that we'll see the "real" significance of this real high gold price when the producer's (stellar?) earnings reports come out next month.

Cheers,

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