So now it's 2008 which is almost a year later. What is the gold production cost per ounce? Same question for silver.

If on average it is $150. Then gold is currently way overpriced. It should be in the neigbourhood of around $200/ounce. Is the difference due to speculation or supply and demand? Thank you very much for your help.

So now it's 2008 which is almost a year later. What is the gold production cost per ounce? Same question for silver.

If on average it is $150. Then gold is currently way overpriced. It should be in the neigbourhood of around $200/ounce. Is the difference due to speculation or supply and demand? Thank you very much for your help.