The Minimum Price for Gold.."Given the speed at which this debauched paper is losing value; this makes any precise estimate of a minimum price for gold today impossible. It also means that the “minimum price” for gold in 2015 will be lower (substantially) than the “minimum price” in 2016, and so on. On this basis; we can now state with confidence that the (temporary) 2015 minimum price for gold is somewhere above the previous “peak” of $1,900+/oz. How far above $1,900/oz? Lacking real/precise data on inflation, and lacking real/precise data on the miners’ “cash costs”; it is impossible for anyone to produce a number with any greater precision than that. What then, is the purpose of this analysis? Simple. Any time that a reader sees any (supposed) “analysis” of the gold market which does not incorporate and assume a price of gold at least at-or-above $2,000/oz (USD, 2015); that reader will immediately recognize the piece as utter drivel – and not waste any more valuable seconds of their lives in consuming such trash." http://www.sprottmoney.com/news/the-minimum-price-for-gold-part-ii-jeff-nielson-sprott-money-news?mw_aref=7b5b8659dfa071b4c7d0a95a56259dec